Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Padichery village is Rs 200 per sq.ft, effective from the 2024 revision. This street falls under the Sunguvarchattram 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 200 per sq.ft, which was a decrease of 33% from the 2017 revision, where the value was Rs 134 per sq.ft. The 2023 revision maintained the value at Rs 200 per sq.ft, and the 2024 revision also remains at Rs 200 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, and 2007.

Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 200 per sq.ft. The significant change occurred between the 2017 and 2023 revisions, where there was an increase of 49% from Rs 134 per sq.ft to Rs 200 per sq.ft.

Guideline values in Padichery

In Padichery, there are 8 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 181 to Rs 1,350 per sq.ft. The median value for these streets is Rs 191 per sq.ft, placing Anna Street's 2024 figure above that median.

• Jeevan sakthi Teak Farms: Rs 181 per sq.ft (2024)
• Kamarajar Street: Rs 181 per sq.ft (2024)
• K.S.K Nagar: Rs 200 per sq.ft (2024)
• Periyar Street: Rs 181 per sq.ft (2024)
• Please Plantations and Hills Resorts: Rs 181 per sq.ft (2024)
• Udaiyar Avenue: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the 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, together totaling Rs 18,000. It is important to note that 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?

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

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

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

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are collected based on the property's assessed value. This helps maintain transparency and accountability in property transactions.

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 the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the land classification for Anna Street?

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

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

The Sunguvarchattram Sub Registrar Office covers Anna Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties 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 would incur a total stamp duty and registration fee of Rs 18,000.