Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Grandlyon village is Rs 880 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Special Type - I.

How the guideline value of Anna Street has changed

The guideline value for Anna Street has seen significant changes over the years. In the 2003 revision, the value was Rs 27 per sq.ft, which increased to Rs 200 per sq.ft in 2007, marking a substantial rise of 641%. The value then surged to Rs 800 per sq.ft in 2012, reflecting a 300% increase. However, it decreased to Rs 536 per sq.ft in 2017, a drop of 33%. The 2023 revision brought it back up to Rs 800 per sq.ft, and the latest 2024 revision has set the value at Rs 880 per sq.ft, an increase of 10% from the previous year.

Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 3159%. It is important to note that the register has no figure for Anna Street in the 2002 revision.

Guideline values in Grandlyon

In Grandlyon village, there are 82 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 440 to Rs 1,500 per sq.ft. The median value is Rs 660 per sq.ft, placing Anna Street's 2024 figure above this median.

• Annai Nagar: Rs 660 per sq.ft (2024)
• Ambedkar Street: Rs 880 per sq.ft (2024)
• Bajanai Koil Street: Rs 660 per sq.ft (2024)
• Bharathiar Street: Rs 660 per sq.ft (2024)
• Bharathi Avenue: Rs 440 per sq.ft (2024)
• Bharathi Nagar: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value is Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. 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 Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Grandlyon. It determines the minimum value at which the property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value serves as a benchmark for the transaction. Buyers and sellers should be aware that the registration fees and stamp duty are calculated based on the higher of the guideline value or the actual sale price, ensuring that the appropriate dues are paid to the government.

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 has changed significantly from Rs 27 per sq.ft in 2003 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 3159% over the years.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees amount to Rs 79,200, calculated based on the guideline value of Rs 8,80,000.

Which Sub Registrar Office covers Anna Street?

The Redhills Sub Registrar Office covers Anna Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for property transactions and is essential for calculating stamp duty and registration fees. It ensures that the government receives the appropriate dues based on the higher of the guideline value or the sale price.