Guideline Value for Anna street cross street

Anna street cross street guideline value

The current guideline value of Anna street cross street in Perumbakkam village is Rs 3,300 per sq.ft, effective from the 2024 revision. This area falls under the Selaiyur Sub Registrar Office (SRO) and is classified as Residential Special Type - II.

How the guideline value of Anna street cross street has changed

The guideline value for Anna street cross street has seen several revisions over the years. In the 2012 revision, the value was Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the 2023 revision brought the value back up to Rs 3,000 per sq.ft, and the most recent 2024 revision set the value at Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,725 per sq.ft, placing Anna street cross street's 2024 figure above this median.

• Anna Street: Rs 3,300 per sq.ft (2024)
• Anthoniyar Nagar: Rs 2,725 per sq.ft (2024)
• Anandammal Nagar: Rs 2,725 per sq.ft (2024)
• American Advent Mission Nagar Main Road: Rs 2,725 per sq.ft (2024)
• American Advent Mission Housing Colony: Rs 2,725 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Anna street cross street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be 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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna street cross street?

The Selaiyur Sub Registrar Office covers Anna street cross street. The office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Perumbakkam. It serves as a benchmark for determining the minimum value of a property, ensuring that the registration process reflects the appropriate value for taxation purposes.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Anna street cross street?

The current guideline value for Anna street cross street is Rs 3,300 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Anna street cross street?

Anna street cross street is classified as Residential Special Type - II, indicating its suitability for residential development.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

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 example, at the current guideline value of Rs 3,300 per sq.ft, the stamp duty for a 1,000 sq.ft plot would be Rs 2,31,000.