Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Perumbakkam village, under the Selaiyur SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - II.

How the guideline value of Anna Street has changed

The guideline value for Anna Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft. However, this figure decreased to Rs 2,010 per sq.ft in the 2017 revision, marking a decline of 33%. Subsequently, the value rose significantly to Rs 3,000 per sq.ft in the 2023 revision, and then to Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. The overall change from the 2012 to 2024 revisions shows a modest increase of 10%.

It is important to note that there are no figures available for Anna Street in the revisions from 2002, 2003, and 2007. This lack of data means that the most recent figures are crucial for understanding the current valuation of the street.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,725 per sq.ft, placing Anna Street's 2024 figure above this median.

• Anna street cross street: Rs 3,300 per sq.ft (2024)
• Anthoniyar Nagar: Rs 2,725 per sq.ft (2024)
• Anandammal Nagar: Rs 2,725 per sq.ft (2024)
• American Advent Mission Nagar Main Road: Rs 2,725 per sq.ft (2024)
• American Advent Mission Housing Colony: Rs 2,725 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,600 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 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for these fees would be Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Anna Street?

The Sub Registrar Office covering Anna Street is 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 Perumbakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Perumbakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted transparently and fairly.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers must be aware that these fees are based on the guideline value or the sale price, depending on which is higher, ensuring that the state revenue is adequately collected during property transactions.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street in Perumbakkam village is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Anna Street has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, an increase of 10%. It was Rs 2,010 per sq.ft in 2017, which was a decrease from Rs 3,000 per sq.ft in 2012.

What is the land classification for Anna Street?

Anna Street is classified as Residential Special Type - II, which indicates the type of development and usage permitted in this area.

Where can I find the Sub Registrar Office for Anna Street?

The Sub Registrar Office for Anna Street is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000, leading to specific fees that can be calculated using our online calculator.