Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Kottivakkam village, under the Adayar SRO, is Rs 3,900 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Anna Street has changed

Over the years, the guideline value of Anna Street has seen several revisions. In the 2007 revision, the value was Rs 1,500 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, followed by a decrease to Rs 2,345 per sq.ft in 2017. The 2023 revision marked an increase to Rs 3,500 per sq.ft, and the most recent 2024 revision set the current value at Rs 3,900 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

The changes between the revisions are as follows: from 2007 to 2012, the value increased by 133%, then decreased by 33% from 2012 to 2017. The value rose by 49% from 2017 to 2023, and finally increased by 11% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 160%.

Guideline values in Kottivakkam

Kottivakkam has a total of 284 streets under the Adayar SRO, with guideline values ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value for the area is Rs 3,900 per sq.ft, which is equal to the current value of Anna Street.

• Anna Nagar Main Street Road: Rs 1,700 per sq.ft (2024)
• Anna Lakshmi Nagar: Rs 3,300 per sq.ft (2024)
• Annai Sathiya Street: Rs 1,700 per sq.ft (2024)
• A G S Colony Main Road: Rs 3,900 per sq.ft (2024)
• A G S Colony 4th Cross Street: Rs 3,900 per sq.ft (2024)
• A G S Colony 3rd Street: 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 rate of Rs 3,900 per sq.ft, the guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. 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 information.

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. You can find your SRO for more details.

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

The guideline value is crucial during property transactions in Kottivakkam as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration laws and to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value serves as a benchmark for assessing the transaction price. If the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value instead of the sale price.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, showing an overall increase of 160% over this period.

What is the land classification of Anna Street?

Anna Street falls under the Residential Class II Type - I land classification.

What are the stamp duty rates for property transactions?

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

Where is the Adayar Sub Registrar Office located?

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