Guideline Value for Anna Veedhi 2nd Street

Anna Veedhi 2nd Street guideline value

The current guideline value of Anna Veedhi 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO, and falls under the Residential Class IV Type - II land classification.

How the guideline value of Anna Veedhi 2nd Street has changed

The guideline value of Anna Veedhi 2nd Street has seen several revisions over the years. In 2007, the value was set at Rs 800 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, this value decreased by 33% to Rs 2,010 per sq.ft in 2017. The 2023 revision raised the guideline value to Rs 3,000 per sq.ft, and the latest revision in 2024 has further increased it to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 313%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, indicating that Anna Veedhi 2nd Street's 2024 figure of Rs 3,300 per sq.ft is below this median.

• Anna Veedhi 1st Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Anna Veedhi 3rd Street: Rs 3,300 per sq.ft (2024)
• Anna Veedhi 4th Street: Rs 3,300 per sq.ft (2024)
• Anna Veedhi 5th Street: Rs 3,300 per sq.ft (2024)
• Anna Veedhi Main Street: Rs 3,300 per sq.ft (2024)
• Anna Veethi: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Veedhi 2nd 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, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Anna Veedhi 2nd Street?

The Sub Registrar Office that covers Anna Veedhi 2nd Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value must be considered alongside the actual sale price. The stamp duty and registration fees are calculated based on the higher of the two values, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Anna Veedhi 2nd Street?

The current guideline value of Anna Veedhi 2nd 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 from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking a significant increase over the years.

What is the land classification of Anna Veedhi 2nd Street?

Anna Veedhi 2nd Street falls under the Residential Class IV Type - II land classification.

Where is the Ashok Nagar Sub Registrar Office located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2%.