Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Irunkattukottai village is Rs 600 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

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 600 per sq.ft, which remained unchanged until the 2023 revision, where it also stood at Rs 600 per sq.ft. The 2017 revision recorded a lower figure of Rs 402 per sq.ft, showing a decrease of 33% from the 2012 value. From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 600 per sq.ft.

Looking at the most recent revision, the 2024 guideline value remains at Rs 600 per sq.ft, indicating no change from the previous year. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Irunkattukottai

In Irunkattukottai, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,250 per sq.ft. The median value among these streets is Rs 400 per sq.ft, placing Anna Street's 2024 value above this median.

• Anna Nagar: Rs 800 per sq.ft (2024)
• Anna Cross Street: Rs 600 per sq.ft (2024)
• Ashok Nagar: Rs 250 per sq.ft (2024)
• Ambedkhar Cross Street: Rs 250 per sq.ft (2024)
• Bakthavathsalam Street: Rs 400 per sq.ft (2024)
• Bharathiyar Street: Rs 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 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty, charged at 7%, would be Rs 42,000, while the registration fee at 2% would be Rs 12,000, bringing the total charges to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, 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 information.

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

The guideline value plays a crucial role in property transactions in Irunkattukottai. It is used as a benchmark for determining the stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any legal issues during the registration process.

When a property is sold, the guideline value is assessed to determine the applicable charges. If the sale price of the property is higher than the guideline value, the duty is calculated based on the sale price instead. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft in 2012, 2023, and 2024, with a decrease to Rs 402 per sq.ft in 2017. The value increased by 49% from 2017 to 2023.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot at Rs 600 per sq.ft, the total charges amount to Rs 54,000.

Which Sub Registrar Office covers Anna Street?

Anna Street is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is essential for calculating stamp duty and registration fees during property transactions. It ensures compliance with local regulations and determines the applicable charges based on the higher of the guideline value or the sale price.