Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Anna Street has changed

The guideline value for Anna Street has seen significant changes over the years. In 2002, the value was Rs 323 per sq.ft, which increased to Rs 398 per sq.ft in 2003, marking a rise of 23%. The value then rose to Rs 500 per sq.ft in 2007, a substantial increase of 26%. Following this, the value jumped dramatically to Rs 3,000 per sq.ft in 2012, reflecting a remarkable increase of 500%. However, this was followed by a decrease to Rs 2,010 per sq.ft in 2017, a decline of 33%. The value then increased to Rs 3,000 per sq.ft in 2023, and finally, it reached the current value of Rs 3,300 per sq.ft in 2024, which is a rise of 10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 922%. The register has no figures for the years not mentioned in the provided data.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the current guideline value of Anna Street.

• Arasan Nagar: Rs 2,200 per sq.ft (2024)
• Annai Sathya Nagar: Rs 2,200 per sq.ft (2024)
• Asthalakshmi Nagar: Rs 2,200 per sq.ft (2024)
• Ayyanar Nagar: Rs 3,300 per sq.ft (2024)
• Ayyasamy Street: Rs 6,600 per sq.ft (2024)
• Bagavath Sing Street: Rs 3,300 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 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. 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 Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tambaram. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is taken into account for calculating the applicable fees. 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 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 323 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 922%.

What is the land classification for Anna Street?

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

What are the stamp duty rates for property transactions in Anna Street?

The stamp duty for property transactions in Anna Street is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Anna Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.