Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Tharamani village is Rs 2,800 per sq.ft, effective from 1 July 2024. This street falls under the Adayar SRO and is classified as Residential Class II Type - I.

How the guideline value of Anna Street has changed

The guideline value of Anna Street has seen several revisions over the years. The earliest figure available is from 2002, which was Rs 172 per sq.ft. This increased to Rs 300 per sq.ft in 2003, followed by a significant rise to Rs 1,250 per sq.ft in 2007. The value then changed to Rs 2,500 per sq.ft in 2012, but saw a decrease to Rs 1,675 per sq.ft in 2017. The most recent revisions show the guideline value at Rs 2,500 per sq.ft in 2023, before reaching the current figure of Rs 2,800 per sq.ft in 2024.

Between these revisions, there have been notable changes. From 2002 to 2003, the increase was +74%. The value surged by +317% from 2003 to 2007. Following this, there was a +100% increase from 2007 to 2012. However, from 2012 to 2017, the value decreased by -33%. The guideline value then rose by +49% from 2017 to 2023, and finally, there was a +12% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by +1528%.

Guideline values in Tharamani

In Tharamani village, there are a total of 78 streets under the Adayar SRO that carry a guideline value for 2024, ranging from Rs 1,700 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,800 per sq.ft, which is equal to the current value of Anna Street.

• Arangannal Street: Rs 2,800 per sq.ft (2024)
• Anbalagan Nagar Sathya Street: Rs 2,800 per sq.ft (2024)
• Anbalagan Nagar Putru Koil Street: Rs 2,800 per sq.ft (2024)
• Avvai Street: Rs 2,800 per sq.ft (2024)
• Agasthiyar Street: Rs 2,800 per sq.ft (2024)
• Bharathi Nagar Bhavani Street: Rs 2,200 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 would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, while the registration fee at 2% would be Rs 56,000. Together, these charges would total Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tharamani. It serves as a benchmark for determining 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 with the sale price. The higher of the two figures is used to calculate the applicable charges, ensuring 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 2,800 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 172 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of +1528% over this period.

What is the land classification for Anna Street?

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

Where can I find the Adayar Sub Registrar Office?

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

How is stamp duty calculated for properties in Anna Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 28,00,000 would incur a stamp duty of Rs 1,96,000 at a rate of 7%.