Guideline Value for Anna Street

Anna Street guideline value

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

How the guideline value of Anna Street has changed

The guideline value of Anna Street has seen significant changes over the years. In the 2007 revision, the value was Rs 700 per sq.ft, which increased to Rs 2,500 per sq.ft in the 2012 revision, reflecting a rise of 257%. However, in the 2017 revision, the value decreased to Rs 1,675 per sq.ft, marking a drop of 33%. The value then increased to Rs 2,500 per sq.ft in the 2023 revision, followed by a further increase to Rs 2,800 per sq.ft in the 2024 revision, representing a 12% rise.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 300%. It is important to note that there are no figures available for Anna Street in the 2002 and 2003 revisions.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. Anna Street's 2024 figure is below this median.

• Annasalai: Rs 2,800 per sq.ft (2024)
• Arul Jothi Nagar: Rs 2,800 per sq.ft (2024)
• Aruljothi Street: Rs 2,800 per sq.ft (2024)
• Aruna Nagar Colony Layout (TNGO Colony): Rs 4,400 per sq.ft (2024)
• Amman Koil Street (Gandhi Nagar): Rs 2,200 per sq.ft (2024)
• Ayyappan Nagar: Rs 4,400 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 be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees to 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 more details.

Which Sub Registrar Office covers Anna Street?

Anna Street is covered by the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thalakanancherry. 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 considered to ensure that the transaction is registered at a value that reflects the current market conditions. This helps in maintaining transparency in property transactions and ensures compliance with local regulations.

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 from Rs 700 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, showing an overall increase of 300% over the years.

What are the stamp duty and registration fees for properties on 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.

Which Sub Registrar Office is responsible for Anna Street?

The Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061, is responsible for Anna Street.

What is the land classification of Anna Street?

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