Guideline Value for HOSPITAL ROAD ANNA STREET

Hospital Road Anna Street guideline value

The current guideline value of Hospital Road Anna Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village and falls under the Thiyagaraya nagar SRO, classified as Residential Class I Type - II.

How the guideline value of Hospital Road Anna Street has changed

The guideline value for Hospital Road Anna Street has seen significant changes over the years. In the 2002 revision, the value was Rs 511 per sq.ft. This increased to Rs 567 per sq.ft in 2003, marking an 11% rise. The value then surged dramatically to Rs 2,497 per sq.ft in 2007, a 340% increase. Following this, the 2012 revision recorded a decrease to Rs 7,000 per sq.ft, a drop of 33%. The value rose again to Rs 4,690 per sq.ft in 2017, which was a 49% increase from the previous revision. The most recent revision in 2023 set the value at Rs 7,000 per sq.ft, and the current 2024 revision is Rs 7,700 per sq.ft, reflecting a 10% increase.

There are no figures available for the revisions from years not listed in the register. Overall, from 2002 to 2024, the guideline value has increased by 1,407%.

Guideline values in Mambalam

In Mambalam, there are 163 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 22,000 per sq.ft, with a median value of Rs 6,600 per sq.ft. The guideline value for Hospital Road Anna Street is above this median.

• Hanumar Koil Street: Rs 8,800 per sq.ft (2024)
• Indira Gandhi Street Appavoo Nagar: Rs 7,700 per sq.ft (2024)
• Govindan Road: Rs 12,100 per sq.ft (2024)
• Janaki Ammal Street: Rs 8,800 per sq.ft (2024)
• Gokulam Colony: Rs 8,800 per sq.ft (2024)
• Jayaram Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Hospital Road Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Hospital Road Anna Street?

The Sub Registrar Office that covers Hospital Road Anna Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Mambalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs in the transaction process. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Hospital Road Anna Street?

The current guideline value of Hospital Road Anna Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 511 per sq.ft in 2002 to Rs 7,700 per sq.ft in 2024, marking an overall increase of 1,407% over the years.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Which office handles property registrations for Hospital Road Anna Street?

The Thiyagaraya nagar Sub Registrar Office is responsible for property registrations on Hospital Road Anna Street, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

What is the land classification for Hospital Road Anna Street?

Hospital Road Anna Street is classified as Residential Class I Type - II, which indicates its suitability for residential development.