Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Amarampedu village is Rs 126 per sq.ft, effective from the 2024 revision. This street falls under the jurisdiction of the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Anna Street has changed

Looking at the historical revisions, the guideline value for Anna Street has seen several changes over the years. The register has no figures for the years 2002, 2003, and 2007. In the 2012 revision, the value was Rs 125 per sq.ft, which slightly decreased to Rs 84 per sq.ft in the 2017 revision, marking a drop of 33%. However, from 2017 to 2023, the value increased by 50%, returning to Rs 126 per sq.ft, which remained unchanged in the 2024 revision.

Overall, from 2012 to 2024, the guideline value has increased by just 1%. The 2023 to 2024 revision saw no change, maintaining the value at Rs 126 per sq.ft.

Guideline values in Amarampedu

In Amarampedu, there are 45 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for Anna Street is below this median.

• Annapoorani Enclave: Rs 350 per sq.ft (2024)
• Ambedhkar Street: Rs 100 per sq.ft (2024)
• Bajanai Koil Street: Rs 350 per sq.ft (2024)
• Blessing Nagar: Rs 126 per sq.ft (2024)
• Ellaiyamman Koil Street: Rs 126 per sq.ft (2024)
• Fab City: Rs 150 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 126 per sq.ft, the total guideline value amounts to Rs 1,26,000. The stamp duty at 7% would be Rs 8,820, and the registration fee at 2% would be Rs 2,520, bringing the total fees to Rs 11,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Street?

The Sub Registrar Office that covers Anna Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

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

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 126 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value for Anna Street has changed from Rs 125 per sq.ft in 2012 to Rs 84 per sq.ft in 2017, then back to Rs 126 per sq.ft in 2023 and 2024, showing a 50% increase from 2017 to 2023.

What is the land classification of Anna Street?

Anna Street is classified as Residential Class III Type - I, indicating its use for residential purposes within the local planning framework.

What are the stamp duty and registration fees for property on Anna Street?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 11,340.

Where is the Sub Registrar Office for Anna Street located?

The Sub Registrar Office that covers Anna Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.