Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Soorapattu village, under the Ambattur SRO, is Rs 1,300 per sq.ft as per the 2024 revision, 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

In the 2012 revision, the guideline value for Anna Street was Rs 1,200 per sq.ft. This value remained the same in the subsequent 2017 revision, where it was Rs 804 per sq.ft, marking a decrease of 33%. The guideline value then increased significantly to Rs 1,200 per sq.ft in 2023, reflecting a 49% increase from the 2017 figure. In the latest 2024 revision, the value rose to Rs 1,300 per sq.ft, representing an 8% increase from the previous year.

The register has no figures for Anna Street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Soorapattu

Soorapattu village has 115 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,100 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, which is equal to the current guideline value of Anna Street.

• Annai Therasa Street: Rs 1,100 per sq.ft (2024)
• Arul Nagar: Rs 1,600 per sq.ft (2024)
• Annai Nagar: Rs 1,400 per sq.ft (2024)
• Annai Indira Nagar Main Road: Rs 1,100 per sq.ft (2024)
• Annai Indira Nagar: Rs 1,100 per sq.ft (2024)
• Annai Avenue: Rs 1,400 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 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to Rs 1,17,000. 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?

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 Soorapattu

The guideline value plays a crucial role in the registration of property transactions in Soorapattu. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures 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 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Anna Street has seen several changes, from Rs 1,200 per sq.ft in 2012, dropping to Rs 804 per sq.ft in 2017, then rising to Rs 1,200 per sq.ft in 2023, and finally reaching Rs 1,300 per sq.ft in 2024.

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

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000. These fees are calculated based on the higher of the guideline value or the sale price.

Which Sub Registrar Office is responsible for Anna Street?

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

What is the land classification of Anna Street?

Anna Street falls under the Residential Class II Type - I land classification, indicating its suitability for residential purposes.