Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Orakadu & Kiruthalapuram village is Rs 385 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Anna Street has changed

The guideline value of Anna Street has seen several revisions over the years. The earliest available figure is from 2007, when it was Rs 300 per sq.ft. In 2012, the value remained the same at Rs 350 per sq.ft, but then decreased to Rs 234 per sq.ft in 2017. Following this, the value increased significantly to Rs 350 per sq.ft in 2023, and then to the current Rs 385 per sq.ft in 2024.

Between the revisions, the changes were as follows: from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 50%. The latest revision from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 28%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Orakadu & Kiruthalapuram

In Orakadu & Kiruthalapuram, there are 34 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 900 per sq.ft. The median value is Rs 385 per sq.ft, which is equal to the current guideline value of Anna Street.

• Ambedkar Street: Rs 275 per sq.ft (2024)
• Allimedu Vilaiyattu Maidha Salai: Rs 385 per sq.ft (2024)
• Allimedu Pradhana Salai: Rs 385 per sq.ft (2024)
• Bharathiar Street: Rs 385 per sq.ft (2024)
• Bharathidasan Street: Rs 385 per sq.ft (2024)
• Bharathi Nagar: Rs 385 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 385 per sq.ft, the total guideline value would be Rs 3,85,000. The stamp duty at 7% would amount to Rs 26,950, and the registration fee at 2% would be Rs 7,700, bringing the total fees to Rs 34,650. Please 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 more details.

Which Sub Registrar Office covers Anna Street?

The Sub Registrar Office that covers 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 Orakadu & Kiruthalapuram

The guideline value is a crucial factor in property transactions in Orakadu & Kiruthalapuram. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the sale or purchase of property.

When you buy or sell property in this area, the guideline value ensures that the transaction is recorded accurately and fairly. It helps in avoiding undervaluation of properties, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Anna Street has changed from Rs 300 per sq.ft in 2007 to Rs 385 per sq.ft in 2024, reflecting various increases and one decrease over the years.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the total fees would be Rs 34,650.

Which Sub Registrar Office should I approach for transactions on Anna Street?

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

What is the significance of the guideline value in property transactions?

The guideline value is used as a benchmark for property registration, ensuring that properties are valued accurately for tax purposes. It helps in determining the stamp duty and registration fees during property transactions.