Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Ullagaram village, under the Alandur SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Anna Street has changed

Over the years, the guideline value of Anna Street has seen significant changes. The earliest recorded figure in the register is from 2002, where the value was Rs 172 per sq.ft. This increased to Rs 193 per sq.ft in 2003, marking an increase of 12%. The value then surged dramatically to Rs 1,000 per sq.ft in 2007, which is a rise of 418%. Following this, in 2012, the value was recorded at Rs 2,000 per sq.ft, reflecting a 100% increase from the previous figure. However, it then dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33%. The guideline value rose again to Rs 2,000 per sq.ft in 2023, and finally reached Rs 2,200 per sq.ft in 2024, showing a 10% increase from the previous year.

In summary, from 2002 to 2024, the overall increase in the guideline value for Anna Street is 1,179%. The register has no figure for the years not listed in the revisions.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,800 per sq.ft, placing Anna Street's 2024 figure below that median.

• Anna Street 2nd Street( Main Road): Rs 2,200 per sq.ft (2024)
• Annamalai Street: Rs 2,800 per sq.ft (2024)
• Arul Jothi Street: Rs 2,800 per sq.ft (2024)
• Avvai Street: Rs 2,200 per sq.ft (2024)
• Amman Nagar Main: Rs 2,800 per sq.ft (2024)
• Amman Nagar 1st 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 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Street?

The Sub Registrar Office that covers Anna Street is 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ullagaram. 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 property registration process.

When a property is sold, the guideline value helps in assessing the minimum sale price for the transaction. This ensures that the property is not undervalued, which could lead to discrepancies in tax calculations and registration fees.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 172 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, representing an overall increase of 1,179% over this period.

What are the stamp duty rates for properties on Anna Street?

The stamp duty for properties on Anna Street is charged at 7% of the guideline value, which is Rs 2,200 per sq.ft as of 2024.

Where is the Sub Registrar Office for Anna Street located?

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

What are the guideline values of other streets in Ullagaram?

Other streets in Ullagaram have varying guideline values, with rates ranging from Rs 1,700 to Rs 5,500 per sq.ft. For example, Annamalai Street and Arul Jothi Street both have a guideline value of Rs 2,800 per sq.ft in 2024.