Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Valasaravakkam village is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Virugambakkam Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Anna Street has changed

The guideline value for Anna Street has seen several revisions over the years. In 2002, the value was Rs 429 per sq.ft, which increased to Rs 467 per sq.ft in 2003, marking a 9% rise. The value further increased to Rs 500 per sq.ft in 2007, reflecting a 7% change. The next significant jump occurred in 2012, where the value rose to Rs 3,000 per sq.ft, resulting in a substantial 500% increase from the previous figure.

However, the value experienced a decline in 2017, dropping to Rs 2,010 per sq.ft, which was a decrease of 33%. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, indicating a 64% increase from 2017. Overall, from 2002 to 2024, the guideline value has increased by 669%. It is important to note that there is no figure for the year 2023 in the register for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, placing Anna Street's 2024 figure below that median.

• Arcot Road: Rs 8,800 per sq.ft (2024)
• Arignar Anna Avenue Cross Street: Rs 2,750 per sq.ft (2024)
• Aringnar Anna Avenue: Rs 2,750 per sq.ft (2024)
• Annai Sathya Nagar Main Road: Rs 3,300 per sq.ft (2024)
• Arumuga Navalar Street: Rs 4,950 per sq.ft (2024)
• Ankala Prameshwari Nagar: 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 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to 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 further assistance.

Which Sub Registrar Office covers Anna Street?

The Virugambakkam Sub Registrar Office covers Anna Street. The office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

When buying or selling property in Valasaravakkam, the guideline value is a critical factor during the registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

The guideline value helps ensure that property transactions are conducted at a fair value, protecting both buyers and sellers. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 3,300 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 429 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 669% over the years.

What is the land classification for Anna Street?

Anna Street is classified as Residential Class II Type - II, indicating its designation for residential use.

Where can I find the registration office for Anna Street?

The registration office for Anna Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.