Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Kazhikundram village is Rs 2,800 per sq.ft, effective from the 2024 revision. This street falls under the Adayar SRO and is classified as Residential Class IV Type - II.

How the guideline value of Anna Street has changed

The guideline value for Anna Street has seen several revisions over the years. The 2024 revision sets the value at Rs 2,800 per sq.ft, an increase from Rs 2,500 per sq.ft in the 2023 revision, marking a change of +12%. Prior to that, the 2017 revision recorded a value of Rs 1,675 per sq.ft, indicating a significant increase of +49% from 2017 to 2023. The 2012 revision also had a value of Rs 2,500 per sq.ft, which was a decrease of -33% from Rs 1,750 per sq.ft in the 2007 revision.

Notably, the register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by +60%.

Guideline values in Kazhikundram

Kazhikundram village has a total of 68 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 12,700 per sq.ft, with a median value of Rs 6,600 per sq.ft. Anna Street's 2024 figure of Rs 2,800 per sq.ft is below this median.

• Buckingam Kalvai 1st cross Street: Rs 2,800 per sq.ft (2024)
• Buckingam Kalvai 2nd Cross Street: Rs 2,800 per sq.ft (2024)
• Buckingam Kalvai 3rd Cross Street: Rs 2,800 per sq.ft (2024)
• Buckingam Kalvai 4th Cross Street: Rs 2,800 per sq.ft (2024)
• Buckingam Kalvai 5th Cross Street: Rs 2,800 per sq.ft (2024)
• Buckingam Kalvai 6th Cross Street: Rs 2,800 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 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, making the total cost Rs 2,52,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

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. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when buying or selling property in Kazhikundram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 2,800 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,750 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, marking an overall increase of +60%.

What is the land classification of Anna Street?

Anna Street is classified as Residential Class IV Type - II under the Adayar SRO.

Where can I find the registration office for Anna Street?

The registration office covering Anna Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

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

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.