Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Perungalathur village, under the Padappai SRO, is Rs 2,640 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I 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 2007, the value was set at Rs 300 per sq.ft, which dramatically increased to Rs 2,400 per sq.ft in 2012, marking a significant rise of 700%. However, this value decreased by 33% to Rs 1,608 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 2,400 per sq.ft, and the most recent revision in 2024 set it at Rs 2,640 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, Anna Street's guideline value has increased by 780%. The register has no figures for the years 2002 and 2003.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,310 per sq.ft, placing Anna Street's 2024 figure above this median.

• Anvar Street: Rs 1,650 per sq.ft (2024)
• Appar Street: Rs 2,310 per sq.ft (2024)
• Appar Street Extension: Rs 2,310 per sq.ft (2024)
• Annai Therasa Nagar and Extn: Rs 2,310 per sq.ft (2024)
• Annai Therasa I Street: Rs 2,310 per sq.ft (2024)
• Annai Therasa II Street: Rs 2,310 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 2,640 per sq.ft, the total guideline value would be Rs 26,40,000. The stamp duty at 7% would amount to Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, bringing the total fees together to Rs 2,37,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also 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 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 Perungalathur

The guideline value is a crucial factor in the registration process when buying or selling property in Perungalathur. It serves as a benchmark for determining the fees associated with the registration of property transactions.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, ensuring that these costs are based on an established value rather than the sale price alone. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 300 per sq.ft in 2007 to Rs 2,640 per sq.ft in 2024, reflecting an overall increase of 780% since 2007.

What is the land classification for Anna Street?

Anna Street is classified as Residential Class I Type - I, indicating its designation for residential purposes.

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

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

How is the stamp duty calculated for properties in Anna Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 26,40,000 would incur a stamp duty of Rs 1,84,800 at 7%.