Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Malaipattu village is Rs 150 per sq.ft, effective from the 2024 revision. This street falls under the Sunguvarchattram SRO and is classified as Residential Class IV Type - I.

How the guideline value of Anna Street has changed

In the 2012 revision, the guideline value for Anna Street was set at Rs 150 per sq.ft. This figure remained unchanged in the 2017 revision, where it was Rs 100 per sq.ft, indicating a decrease of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 150 per sq.ft. The 2023 revision also maintained this value into the 2024 revision, resulting in no percentage change from 2023 to 2024.

It is important to note that there are no figures available for Anna Street in the revisions for the years 2002, 2003, and 2007. Thus, the guideline value has seen a consistent rate of Rs 150 per sq.ft from 2012 through 2024, with fluctuations noted only in the intervening years.

Guideline values in Malaipattu

Malaipattu village has a total of 36 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,181 per sq.ft, with a median value of Rs 200 per sq.ft. Anna Street's current guideline value is below this median.

• Anna Nagar: Rs 200 per sq.ft (2024)
• Arunthava Nagar: Rs 200 per sq.ft (2024)
• Ambethkar Street: Rs 200 per sq.ft (2024)
• Agraharam: Rs 441 per sq.ft (2024)
• Adithya Nagar: Rs 500 per sq.ft (2024)
• Bharathidhasan Street: 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 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Street?

The Sub Registrar Office covering Anna Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Malaipattu. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that all transactions are recorded at a fair value.

When you register a property, the guideline value will be compared with the sale price. The higher of the two will be used to calculate the applicable fees, ensuring compliance with local regulations and standards.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 150 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft since the 2012 revision, with a decrease to Rs 100 per sq.ft in 2017 and an increase back to Rs 150 per sq.ft in 2023.

What is the classification of land on Anna Street?

Anna Street is classified as Residential Class IV 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 Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 150 per sq.ft incurs a total fee of Rs 13,500.