Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Ayakolathur village is Rs 200 per sq.ft, as per the 2024 revision effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Anna Street has changed

Over the years, the guideline value for Anna Street has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, where it was also Rs 200 per sq.ft. The 2017 revision marked a significant increase to Rs 134 per sq.ft, reflecting a 49% rise from the previous figure. However, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. Overall, from 2012 to the 2024 revision, the guideline value has remained the same at Rs 200 per sq.ft, indicating stability in the value for this street across the revisions.

Guideline values in Ayakolathur

In Ayakolathur, there are 15 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 100 to Rs 700 per sq.ft. The median value is Rs 200 per sq.ft, which is equal to the guideline value of Anna Street.

• Ambedhkar Street: Rs 100 per sq.ft (2024)
• Bajanai Koil Street: Rs 300 per sq.ft (2024)
• Chand Nagar: Rs 300 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 300 per sq.ft (2024)
• Kakkajji Street: Rs 150 per sq.ft (2024)
• Main Road: Rs 700 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

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 information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Ayakolathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that buyers and sellers are aware of the financial obligations associated with the transaction. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 200 per sq.ft since 2023. The value increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification of Anna Street?

Anna Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

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

How is the stamp duty calculated for property in Anna Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft incurs a total stamp duty of Rs 14,000.