Guideline Value for Rani Anna St

Rani Anna St guideline value

The current guideline value of Rani Anna St is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of Rani Anna St has changed

The guideline value for Rani Anna St has seen several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then rose again to Rs 1,650 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, while the period from 2017 to 2023 saw a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which is the same as the current value for Rani Anna St.

• Rani Elizabeth Street: Rs 1,650 per sq.ft (2024)
• Raveendranath Tagoore Street: Rs 1,650 per sq.ft (2024)
• R.B.Nagar: Rs 1,650 per sq.ft (2024)
• R.B Nagar Extension: Rs 1,650 per sq.ft (2024)
• Ramanujar Street: Rs 2,750 per sq.ft (2024)
• Ramanar Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Rani Anna St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the 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 Rani Anna St?

The Sub Registrar Office that covers Rani Anna St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Chitlapakkam

The guideline value is a crucial factor when registering property transactions in Chitlapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration process reflects the prevailing market conditions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures transparency and uniformity in property dealings within the region.

Frequently asked questions

What is the current guideline value of Rani Anna St?

The current guideline value of Rani Anna St is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Rani Anna St?

Rani Anna St is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties on Rani Anna St?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles the registration for Rani Anna St?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Rani Anna St, located at No.26, Mes Road, East Tambaram, Chennai-600059.