Guideline Value for Rani Anna Street

Rani Anna Street guideline value

The current guideline value of Rani Anna Street in Thirumullaivoyal village is Rs 2,400 per sq.ft, effective from the 2024 revision. This street falls under the Ambattur SRO and is classified as Residential Class I Type - I.

How the guideline value of Rani Anna Street has changed

The guideline value for Rani Anna Street has seen significant changes over the years. In 2002, the value was Rs 146 per sq.ft, which increased to Rs 170 per sq.ft in 2003. By 2007, the value surged dramatically to Rs 200 per sq.ft, marking a 1000% increase. The 2012 revision saw the value rise to Rs 2,200 per sq.ft, but this was followed by a decrease to Rs 1,474 per sq.ft in 2017, a drop of 33%. The value then increased to Rs 2,200 per sq.ft in 2023, before reaching the current value of Rs 2,400 per sq.ft in 2024, reflecting a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1544%. The register has no figure for the years not listed in the revisions.

Guideline values in Thirumullaivoyal

Thirumullaivoyal village has a total of 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, which is the same as the current value for Rani Anna Street.

• Ravindran Nagar: Rs 1,500 per sq.ft (2024)
• Ramayanam Street (Sakthi Nagar): Rs 2,400 per sq.ft (2024)
• Royal Residency: Rs 1,900 per sq.ft (2024)
• Ramanjuam Street: Rs 2,400 per sq.ft (2024)
• Rukumani Street: Rs 1,600 per sq.ft (2024)
• Saibaba Street(srinagar colony): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Rani Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, while the registration fee at 2% would be Rs 48,000, bringing the total fees to Rs 2,16,000. It is important to note that the 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 information on fees applicable to your property.

Which Sub Registrar Office covers Rani Anna Street?

The Sub Registrar Office that covers Rani Anna Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

For more details, you can find your SRO.

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

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

When buying or selling property, the guideline value is referenced to calculate the applicable fees. Buyers should be aware that the 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 of Rani Anna Street?

The current guideline value of Rani Anna Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 146 per sq.ft in 2002 to Rs 2,400 per sq.ft in 2024, reflecting a total increase of 1544% over the years.

What is the land classification for Rani Anna Street?

Rani Anna Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Rani Anna Street?

The Sub Registrar Office for Rani Anna Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Rani Anna Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,68,000.