Guideline Value for Anna Veedhi Main Street

Anna Veedhi Main Street guideline value

The current guideline value of Anna Veedhi Main 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 Sub Registrar Office (SRO). The land classification for this area is Residential Class IV Type - II.

How the guideline value of Anna Veedhi Main Street has changed

The guideline value for Anna Veedhi Main Street has seen several revisions over the years. In 2007, the value was Rs 800 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a rise of 275%. However, from 2012 to 2017, the value decreased by 33% to Rs 2,010 per sq.ft. The value then rose again to Rs 3,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 313%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, making the current value of Anna Veedhi Main Street below this median.

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

Stamp duty and registration fee for property in Anna Veedhi Main 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, resulting in a total of 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 Main Street?

The Sub Registrar Office that covers Anna Veedhi Main 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 is a crucial factor during the registration process of property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anna Veedhi Main Street?

The current guideline value of Anna Veedhi Main 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, reflecting an overall increase of 313% over the years.

What is the land classification for Anna Veedhi Main Street?

Anna Veedhi Main Street is classified as Residential Class IV Type - II.

What are the stamp duty rates for properties in Anna Veedhi Main Street?

The stamp duty for properties in Anna Veedhi Main Street is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers the area of Anna Veedhi Main Street?

The Ashok Nagar Sub Registrar Office covers Anna Veedhi Main Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.