Guideline Value for Anna sami Street

Anna sami Street guideline value

The current guideline value of Anna sami Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Anna sami Street has changed

The guideline value for Anna sami Street has undergone several revisions over the years. In 2007, the value was Rs 1,560 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012. However, it saw a decrease of 33% to Rs 4,020 per sq.ft in 2017. The value then rose sharply to Rs 6,000 per sq.ft in 2023, before reaching the current rate of Rs 6,600 per sq.ft in 2024, marking a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 323%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value is Rs 6,600 per sq.ft, which is equal to the current value of Anna sami Street.

• Annasami Lane: Rs 6,600 per sq.ft (2024)
• Anna Salai (Mount Road): Rs 20,900 per sq.ft (2024)
• Appavoo Gramani Lane: Rs 7,700 per sq.ft (2024)
• Appavoo Gramani Street: Rs 7,700 per sq.ft (2024)
• Arimuthu Achari Maistry Street: Rs 6,600 per sq.ft (2024)
• Arimuthu Achari Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Anna sami Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, making the total charges Rs 5,94,000. It is important to note that 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 sami Street?

The Sub Registrar Office that covers Anna sami Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction reflects a fair value for the property. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Anna sami Street?

The current guideline value of Anna sami Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,560 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, showing an overall increase of 323% over the years.

What is the land classification for Anna sami Street?

Anna sami Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, on a property valued at Rs 66,00,000, the total fees would be Rs 5,94,000.

Where is the Sub Registrar Office located for Anna sami Street?

The Triplicane Sub Registrar Office is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014, and is responsible for property registrations in the area.