Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Kanagam village, under the Adayar SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This residential area falls under Residential Class II Type - I land classification.

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 guideline value was Rs 168 per sq.ft. This value rose to Rs 425 per sq.ft in 2003, marking an increase of 153%. The following revisions were marked by substantial changes: in 2007, the value increased to Rs 1,850 per sq.ft, a rise of 335% from the previous revision. However, between 2012 and 2017, the value decreased from Rs 3,000 per sq.ft to Rs 2,010 per sq.ft, reflecting a decline of 33%.

In the subsequent revisions, the guideline value increased again, reaching Rs 3,000 per sq.ft in 2023, and then rising by 10% to Rs 3,300 per sq.ft in 2024. Overall, from 2002 to 2024, the guideline value has increased by 1,864%.

Guideline values in Kanagam

The guideline values for properties in Kanagam vary significantly. In 2024, the values for 15 streets under the Adayar SRO range from Rs 2,800 to Rs 13,800 per sq.ft, with a median value of Rs 2,800 per sq.ft. Anna Street's current guideline value is above this median.

• Bajanai Koil Street: Rs 2,800 per sq.ft (2024)
• Bharathiyar Street: Rs 2,800 per sq.ft (2024)
• Canal Bank Road O.M.R from Madhya Kailash: Rs 13,800 per sq.ft (2024)
• Dr.Ambethkar Street: Rs 2,800 per sq.ft (2024)
• Gandhi Street: Rs 2,800 per sq.ft (2024)
• Kanagam Road: Rs 3,900 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 amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Street?

Anna Street is covered by the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Kanagam. It is used to determine the stamp duty and registration fees that buyers must pay at the time of registration. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Buyers should ensure that they are informed about the latest revisions to avoid any unexpected costs during the registration process.

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 increased significantly from Rs 168 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 1,864%.

What are the other streets in Kanagam with their guideline values?

Other streets in Kanagam include Bajanai Koil Street and Bharathiyar Street at Rs 2,800 per sq.ft, and Kanagam Road at Rs 3,900 per sq.ft, among others.

How is stamp duty calculated for properties in Anna Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000.

Where is the Sub Registrar Office for Anna Street located?

The Adayar Sub Registrar Office, which covers Anna Street, is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.