Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Naravarikuppam village, under the Redhills SRO, is Rs 1,870 per sq.ft, effective from 1 July 2024. This street 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. In 2002, the value was Rs 3,471 per sq.ft, which then dropped to Rs 353 per sq.ft in 2003. Following this, the value increased to Rs 500 per sq.ft in 2007, and then significantly rose to Rs 1,700 per sq.ft in 2012. However, it decreased to Rs 1,139 per sq.ft in 2017, before climbing to Rs 1,700 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 1,870 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has decreased by 46%. The changes between the revisions show a notable increase from 2017 to 2023 by 49%, while there was a decrease of 33% from 2012 to 2017. The rise from 2007 to 2012 was substantial at 240%, and from 2003 to 2007, it increased by 42%. The drop from 2002 to 2003 was significant at 90%.

Guideline values in Naravarikuppam

Naravarikuppam has a total of 112 streets under the Redhills SRO that carry a guideline value for 2024, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Anna Street's 2024 figure above this median.

• Arignar Anna Street: Rs 1,870 per sq.ft (2024)
• Arignar Anna Street Lane: Rs 1,870 per sq.ft (2024)
• Arignar Anna Street (Park Street): Rs 1,870 per sq.ft (2024)
• Aruljothi Vallalar Nagar: Rs 2,200 per sq.ft (2024)
• Angamman Kovil Street: Rs 1,870 per sq.ft (2024)
• Bajanai Koil Street Lane: 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 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total fees together to Rs 1,68,300. 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 precise calculations.

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 Naravarikuppam

The guideline value is a crucial factor in the registration process when buying or selling property in Naravarikuppam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value.

When a property transaction takes place, the buyer and seller must consider the guideline value to ensure compliance with local regulations. This value helps in assessing the appropriate fees that need to be paid during the registration of the property.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,471 per sq.ft in 2002 to Rs 1,870 per sq.ft in 2024, showing an overall decrease of 46% over this period.

What is the registration office for Anna Street?

The registration office for Anna Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

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

For a property of 1,000 sq.ft at the guideline value of Rs 1,870 per sq.ft, the stamp duty would be Rs 1,30,900, and the registration fee would be Rs 37,400, totaling Rs 1,68,300.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to consider this value to comply with local regulations.