Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Mugappair village is Rs 3,800 per sq.ft, effective from 1 July 2024. This property falls under the Konnur SRO and is classified as Residential Class II Type - I.

How the guideline value of Anna Street has changed

The guideline value for Anna Street has seen several revisions over the years. In 2002, the value was Rs 364 per sq.ft, which increased to Rs 400 per sq.ft in 2003, marking a 10% rise. The value then saw a significant increase of 200% to reach Rs 1,200 per sq.ft in 2007. Following this, the value rose to Rs 3,500 per sq.ft in 2012, a 192% increase. However, it dropped by 33% to Rs 2,345 per sq.ft in 2017. The value then increased by 49% to Rs 3,500 per sq.ft in 2023, and finally, it rose by 9% to the current value of Rs 3,800 per sq.ft in 2024.

There are no figures available for revisions in years not listed in the register for Anna Street. Overall, from 2002 to 2024, the guideline value has increased by 944%.

Guideline values in Mugappair

Mugappair village has a total of 224 streets under the Konnur SRO, with guideline values ranging from Rs 3,300 to Rs 8,800 per sq.ft as of 2024. The median guideline value for these streets is Rs 7,100 per sq.ft, placing Anna Street's current value below this median.

• Anna Nagar West Extn: Rs 7,100 per sq.ft (2024)
• Annanagar West end Colony: Rs 7,100 per sq.ft (2024)
• Annanagar Extension 7th Sector: Rs 7,100 per sq.ft (2024)
• Appu Flats: Rs 7,100 per sq.ft (2024)
• Angamuthu Nagar 1st, 2nd and 3rd Street: Rs 3,800 per sq.ft (2024)
• Asirvatham Nagar: Rs 5,500 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 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, totaling Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Street?

The Sub Registrar Office that covers Anna Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, in the Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Mugappair. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 364 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, showing an overall increase of 944% over the years.

What is the land classification of Anna Street?

Anna Street is classified as Residential Class II Type - I under the Konnur SRO.

Where can I find the registration office for Anna Street?

The registration office for Anna Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for property in Anna Street?

Stamp duty for property in Anna Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 38,00,000, resulting in a stamp duty of Rs 2,66,000.