Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Koyakbedu village, under the AnnaNagar SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - III land classification.

How the guideline value of Anna Street has changed

The guideline value for Anna Street has seen several revisions over the years. In the 2007 revision, the value was Rs 1,200 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a rise of 150%. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, reflecting a drop of 33%. The value then rose again to Rs 3,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 3,300 per sq.ft in 2024, which is a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 175%. It is important to note that the register has no figure for Anna Street in the years 2002 and 2003.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 16,500 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value for Anna Street is below this median.

• Angamuthu Street: Rs 3,300 per sq.ft (2024)
• Avvai Thiru Nagar 1st Street: Rs 4,400 per sq.ft (2024)
• Avvai Thiru Nagar 2nd Cross Street: Rs 4,400 per sq.ft (2024)
• Avvai Thiru Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Avvai Thiru Nagar 3rd Street: Rs 4,400 per sq.ft (2024)
• Avvai Thiru Nagar 4th Street: 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 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can 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 AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When a buyer or seller approaches the registration office, the guideline value helps in calculating the applicable fees, ensuring that both parties adhere to the legal requirements for property transactions. This process helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What are the other streets in Koyakbedu with their guideline values?

Other streets in Koyakbedu include Angamuthu Street at Rs 3,300 per sq.ft, and several streets in Avvai Thiru Nagar, all at Rs 4,400 per sq.ft.

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

For a property valued at Rs 33,00,000, the stamp duty is Rs 2,31,000 and the registration fee is Rs 66,000, totaling Rs 2,97,000.

Which office handles property registrations for Anna Street?

The AnnaNagar Sub Registrar Office is responsible for property registrations for Anna Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.