Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Kolathur village, under the Sembiam SRO, is Rs 2,700 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Anna Street has changed

The guideline value for Anna Street has undergone several revisions over the years. In 2007, the value was set at Rs 1,000 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then decreased to Rs 1,675 per sq.ft in 2017. The most recent revision in 2024 has seen the guideline value rise to Rs 2,700 per sq.ft, marking a 61% increase from the 2017 figure.

Looking at the changes overall, from 2007 to 2024, the guideline value has increased by 170%. The revisions for the years 2023, 2003, and 2002 have no figures listed for Anna Street in the register.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. Anna Street's 2024 guideline value of Rs 2,700 per sq.ft is below this median.

• Anthony Nagar: Rs 2,700 per sq.ft (2024)
• Anusiya Nagar: Rs 2,700 per sq.ft (2024)
• Anusiya Nagar Extension: Rs 2,700 per sq.ft (2024)
• Anna Nagar / Aringar Anna Nagar: Rs 2,700 per sq.ft (2024)
• Arjunan Nagar: Rs 2,700 per sq.ft (2024)
• Annai Tharesa Nagar: Rs 2,700 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 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Street?

The Sub Registrar Office that covers Anna Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for additional information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Kolathur. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a buyer approaches the registration office, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. This value is essential for both buyers and sellers to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 170% during this period.

What is the land classification of Anna Street?

Anna Street is classified under Residential Class II Type - I, which indicates its suitability for residential development.

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

The Sub Registrar Office for Anna Street is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the total fees would amount to Rs 2,43,000.