Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Gowrivakkam village is Rs 860 per sq.ft, effective from the 2024 revision. This street falls under the Selaiyur SRO and is classified as Residential Class III Type - II.

How the guideline value of Anna Street has changed

Since the 2012 revision, the guideline value has seen significant changes. In 2012, the value was Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. However, from 2017 to 2023, there was a substantial increase of 49%, bringing the value to Rs 600 per sq.ft, and then further increased to Rs 860 per sq.ft in 2024, marking a 43% rise from the previous year.

The 2024 revision shows a guideline value of Rs 860 per sq.ft, reflecting a 43% increase from the 2012 figure. Notably, the revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

Guideline values in Gowrivakkam

In Gowrivakkam, there are 130 streets under the Selaiyur SRO, with guideline values ranging from Rs 840 to Rs 3,750 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, indicating that Anna Street's 2024 figure is below this median.

• Appao Avenue: Rs 860 per sq.ft (2024)
• Annai Therasa Street: Rs 860 per sq.ft (2024)
• Arulmozhi Nagar Pirathana Salai: Rs 1,400 per sq.ft (2024)
• Asta Lakshmi Nagar: Rs 1,600 per sq.ft (2024)
• Bajanai Koil P.T.C. Colony 1st Street: Rs 1,400 per sq.ft (2024)
• Bajanai Koil P.T.C. Colony 2nd Street: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 860 per sq.ft, the total guideline value amounts to Rs 8,60,000. The stamp duty at 7% would be Rs 60,200, and the registration fee at 2% would be Rs 17,200, bringing the total cost for these fees to Rs 77,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Anna Street?

Anna Street is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Gowrivakkam

The guideline value plays a crucial role during the registration process of property transactions in Gowrivakkam. It serves as a benchmark for determining the minimum value at which the property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable stamp duty and registration fees. This value is essential for both buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 600 per sq.ft in 2012 to Rs 860 per sq.ft in 2024, reflecting a 43% overall increase over this period.

What are the registration fees for property in Anna Street?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers Gowrivakkam?

The Selaiyur Sub Registrar Office covers Gowrivakkam, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the median guideline value of streets in Gowrivakkam?

The median guideline value of the 130 streets in Gowrivakkam is Rs 2,200 per sq.ft, with Anna Street's value being below this median.