Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Manimangalam A village is Rs 880 per sq.ft, effective from 1 July 2024. This street falls under the Padappai Sub Registrar Office and is classified as Residential Class I Type - I.

How the guideline value of Anna Street has changed

The guideline value for Anna Street has undergone several revisions over the years. The earliest recorded figure is from 2017, where it was Rs 536 per sq.ft. This increased to Rs 800 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 saw the value rise to Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for Anna Street in the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Manimangalam A

In Manimangalam A, there are 112 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,500 per sq.ft. The median value for these streets is Rs 880 per sq.ft, which is equal to the guideline value of Anna Street.

• Anna Salai: Rs 880 per sq.ft (2024)
• Anugraha Estates: Rs 550 per sq.ft (2024)
• Arunachaleswarar Nagar: Rs 880 per sq.ft (2024)
• Annai Avenue: Rs 770 per sq.ft (2024)
• Asirvadhapuram: Rs 880 per sq.ft (2024)
• Anandham Co-Operative Nagar: Rs 1,430 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 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, leading to a total cost of Rs 79,200. 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 Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Manimangalam A, as it determines the minimum value at which a property can be registered. When buying or selling property, this value is used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements.

During the registration process, the guideline value helps in assessing the transaction's legitimacy and prevents undervaluation of properties. Buyers and sellers should 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 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Anna Street has increased from Rs 536 per sq.ft in 2017 to Rs 880 per sq.ft in 2024, reflecting a total increase of 64% over this period.

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

For a 1,000 sq.ft plot, the guideline value is Rs 8,80,000. The stamp duty at 7% is Rs 61,600, and the registration fee at 2% is Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office covers Anna Street?

Anna Street is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the median guideline value in Manimangalam A?

The median guideline value in Manimangalam A is Rs 880 per sq.ft, which is the same as the guideline value for Anna Street.