Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Thirumangalam village, under the AnnaNagar SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Anna Street has changed

Over the years, the guideline value of Anna Street has seen several revisions. The 2007 revision set the value at Rs 1,300 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012. This was followed by a significant decrease to Rs 2,010 per sq.ft in 2017. The value then rose sharply to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft following the 2024 revision. The register has no figure for the years 2002 and 2003.

From 2007 to 2012, the value increased by 131%, but then it decreased by 33% from 2012 to 2017. After that, the value surged by 49% from 2017 to 2023 and increased by 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 154%.

Guideline values in Thirumangalam

In Thirumangalam, there are 149 streets under the AnnaNagar SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 15,900 per sq.ft, with a median value of Rs 11,500 per sq.ft. Anna Street's 2024 figure is below this median.

• Asiad Colony (Near J.N.Road): Rs 13,200 per sq.ft (2024)
• AM- Block, 14th Main Road T S no 67, Plot no 2976A, B,C, D: Rs 13,200 per sq.ft (2024)
• Bajanai Koil Street: Rs 3,300 per sq.ft (2024)
• AL- Block, 14th Main Road 2879A, 2895 to 2906, 2930 to 2939, 2939A, B, 2940 to 2944, 2953: Rs 13,200 per sq.ft (2024)
• AL- Block, 12th Main Road 2651, 2679, 2714, 2735, 2786, 2806, 2851, 2873, 2906: Rs 13,200 per sq.ft (2024)
• AK- Block, 14th Main Road 14th Main Road 2945 to 2948: Rs 13,200 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 would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a critical factor in the registration of property transactions in Thirumangalam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when buying or selling property in this area.

When a property is registered, the guideline value or the sale price, whichever is higher, is taken into account for determining the applicable duties. This ensures that the registration process is aligned with the official valuation of properties in the region.

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 1,300 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 154%.

What is the land classification of Anna Street?

Anna Street is classified as Residential Class II Type - I.

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 would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

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

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