Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Periyakuppam village is Rs 1,100 per sq.ft, effective from 1 July 2024. This falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - III.

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 Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, it then saw a decrease to Rs 670 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year. It is important to note that the register has no figures for Anna Street for the years 2002 and 2003.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 450%. The changes between the revisions highlight the fluctuations in the property market over the years, with notable increases and decreases in value.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,300 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the guideline value of Anna Street.

• Arumugam Nagar: Rs 879 per sq.ft (2024)
• Annai Indira Gandhi Nagar: Rs 879 per sq.ft (2024)
• Athiyaman Cross Street: Rs 879 per sq.ft (2024)
• Athiyaman Street: Rs 1,100 per sq.ft (2024)
• Ayyanar Avenue: Rs 1,320 per sq.ft (2024)
• Bai - Pass Road: Rs 3,300 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Street?

Anna Street falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for buying or selling property in Periyakuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the land classification for Anna Street?

Anna Street is classified as Residential Class I Type - III under the Tiruvallur Joint 1 SRO.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles the registration for Anna Street?

The registration for Anna Street is handled by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.