Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Mudichur village, under the Padappai SRO, is Rs 3,630 per sq.ft, effective from 1 July 2024. This street is classified as Commercial Class I Type - I.

How the guideline value of Anna Street has changed

The guideline value of Anna Street has undergone several revisions over the years. In 2012, the value was set at Rs 3,300 per sq.ft. This figure remained unchanged until 2017 when it dropped to Rs 2,211 per sq.ft, marking a decrease of 33%. The value then saw a significant increase to Rs 3,300 per sq.ft in 2023, followed by a further rise to Rs 3,630 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mudichur

In Mudichur, there are 135 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,000 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Anna Street's current value above this median.

• A.N.Vasudevan Nagar: Rs 2,440 per sq.ft (2024)
• Appavu Street: Rs 1,210 per sq.ft (2024)
• Anna Nagar: Rs 2,200 per sq.ft (2024)
• Arasan Avenue: Rs 2,750 per sq.ft (2024)
• Annai Nagar: Rs 2,200 per sq.ft (2024)
• Arumuga Nayinar Colony: Rs 2,200 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 3,630 per sq.ft, the total guideline value amounts to Rs 36,30,000. The stamp duty at 7% would be Rs 2,54,100, and the registration fee at 2% would be Rs 72,600, bringing the total fees to Rs 3,26,700. 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 covering 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 Mudichur

The guideline value plays a crucial role during the registration of property transactions in Mudichur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being exchanged. It is essential for buyers to be aware of the guideline value to ensure they are not overpaying compared to the registered value in the locality.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 3,630 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 3,300 per sq.ft in 2012 to Rs 2,211 per sq.ft in 2017, then back to Rs 3,300 in 2023, and finally reaching Rs 3,630 in 2024.

What is the land classification of Anna Street?

Anna Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

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

For a property valued at Rs 36,30,000, the stamp duty would be Rs 2,54,100, and the registration fee would be Rs 72,600, totaling Rs 3,26,700.

Where is the Sub Registrar Office for Anna Street located?

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