Guideline Value for Dr. Anna St (Ward-29)

Dr. Anna St (Ward-29) guideline value

The current guideline value of Dr. Anna St (Ward-29) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Dr. Anna St (Ward-29) has changed

The guideline value for Dr. Anna St (Ward-29) has seen several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which was then increased to Rs 1,500 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the value to Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, and the overall increase from 2017 to 2024 is 59%. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Madhavaram

Madhavaram village has a total of 1,946 streets under the Madhavaram SRO, with the 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, making the current value of Dr. Anna St (Ward-29) equal to this median.

• Dr.Janani Nagar: Rs 2,700 per sq.ft (2024)
• Dr.Ambedkar Nagar Kalkotai (Tannery) Shop (1st to 9th Street): Rs 1,600 per sq.ft (2024)
• Dr. Ramdoss Street, Lakshmipuram (Ward-26): Rs 1,600 per sq.ft (2024)
• Duraisamy Nagar: Rs 1,300 per sq.ft (2024)
• Duraisamy Nagar (Ward-29): Rs 1,300 per sq.ft (2024)
• Duraisamy Naicker St (Ward-10): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dr. Anna St (Ward-29)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Dr. Anna St (Ward-29)?

The Sub Registrar Office that covers Dr. Anna St (Ward-29) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration of property transactions in Madhavaram. It serves as the basis for calculating stamp duty and registration fees, ensuring that both buyers and sellers adhere to the legal requirements set by the state.

When a property is bought or sold, the guideline value helps determine the official value of the property for taxation purposes. This value is essential for both the buyer and seller to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Dr. Anna St (Ward-29)?

The current guideline value of Dr. Anna St (Ward-29) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 59% over this period.

What is the stamp duty for property in Dr. Anna St (Ward-29)?

The stamp duty for property in Dr. Anna St (Ward-29) is 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, this amounts to Rs 1,12,000.

Where can I find the Sub Registrar Office for Dr. Anna St (Ward-29)?

The Sub Registrar Office for Dr. Anna St (Ward-29) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Dr. Anna St (Ward-29)?

Dr. Anna St (Ward-29) is classified as Residential Class II Type - I according to the guideline value register.