Guideline Value for Anna Veedhi 5th Street

Anna Veedhi 5th Street guideline value

The current guideline value of Anna Veedhi 5th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Anna Veedhi 5th Street has changed

Over the years, the guideline value of Anna Veedhi 5th Street has seen significant changes. The earliest recorded revision was in 2007, where the value was Rs 800 per sq.ft. This increased to Rs 3,000 per sq.ft in 2012, marking a substantial rise of 275%. However, from 2012 to 2017, the guideline value decreased to Rs 2,010 per sq.ft, reflecting a drop of 33%. The subsequent revision in 2023 raised the value to Rs 3,000 per sq.ft, and the latest revision in 2024 increased it further to Rs 3,300 per sq.ft, a rise of 10%.

In summary, from 2007 to 2024, the overall increase in guideline value is 313%. Notably, there are no recorded figures for the years 2002 and 2003 in the register for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values in 2024 ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Anna Veedhi 5th Street's value below the median.

• Anna Veedhi 4th Street: Rs 3,300 per sq.ft (2024)
• Anna Veedhi Main Street: Rs 3,300 per sq.ft (2024)
• Anna Veedhi 3rd Street: Rs 3,300 per sq.ft (2024)
• Anna Veedhi 2nd Street: Rs 3,300 per sq.ft (2024)
• Anna Veethi: Rs 3,300 per sq.ft (2024)
• Anna Veedhi 1st Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Veedhi 5th 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, while the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration would be 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 more details.

Which Sub Registrar Office covers Anna Veedhi 5th Street?

The Sub Registrar Office that covers Anna Veedhi 5th Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Kodambakkam. It serves as the minimum value for registration purposes, ensuring that properties are registered at a fair value as determined by the local government. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration norms.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs in the transaction process. This ensures that both parties are aware of the financial implications of the sale based on the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Anna Veedhi 5th Street?

The current guideline value of Anna Veedhi 5th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 800 per sq.ft to Rs 3,300 per sq.ft in 2024, representing an overall increase of 313%.

What is the median guideline value for streets in Kodambakkam?

The median guideline value for streets in Kodambakkam is Rs 4,900 per sq.ft, with Anna Veedhi 5th Street's value being below this median.

What are the stamp duty and registration fees for a property in Anna Veedhi 5th Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Anna Veedhi 5th Street?

The Ashok Nagar Sub Registrar Office is responsible for registrations in Anna Veedhi 5th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.