Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Kathirvedu village is Rs 1,100 per sq.ft, effective from the 2024 revision. This street falls under the Ambattur Sub Registrar Office (SRO) and is classified as Residential Class IV Type - I.

How the guideline value of Anna Street has changed

The guideline value of Anna Street has seen several revisions since 2002. In 2002, the value was Rs 63 per sq.ft, which increased to Rs 80 per sq.ft in 2003. Following that, the guideline value rose significantly to Rs 200 per sq.ft in 2007, and then to Rs 1,000 per sq.ft in 2012. However, it decreased to Rs 670 per sq.ft in 2017. The value later increased to Rs 1,000 per sq.ft in 2023 and is currently at Rs 1,100 per sq.ft as of the 2024 revision.

From the 2017 revision to the 2023 revision, there was a 49% increase. The jump from 2012 to 2017 saw a decrease of 33%. The 2007 to 2012 period experienced a remarkable increase of 400%, while the 2003 to 2007 period saw a 150% rise. The overall change from 2002 to 2024 reflects an increase of 1646%.

Guideline values in Kathirvedu

Kathirvedu village has a total of 78 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 1,500 per sq.ft, making Anna Street's current value below that median.

• Asian Street: Rs 1,100 per sq.ft (2024)
• Ambedkar Street: Rs 1,100 per sq.ft (2024)
• Babuji Nagar: Rs 1,500 per sq.ft (2024)
• Ambal Nagar: Rs 1,100 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,500 per sq.ft (2024)
• Bala Murugan Nagar: Rs 1,500 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 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Anna Street?

The Sub Registrar Office that covers Anna Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is crucial during the property registration process in Kathirvedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value helps in calculating the overall costs associated with the transaction. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 1,100 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value of Anna Street has changed from Rs 63 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 1646%.

What is the land classification of Anna Street?

Anna Street is classified as Residential Class IV Type - I under the Ambattur SRO.

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

For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 99,000, which includes a stamp duty of Rs 77,000 and a registration fee of Rs 22,000.

Where can I find the Sub Registrar Office for Anna Street?

The Sub Registrar Office for Anna Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.