Guideline Value for ANNA NAGAR

Anna Nagar guideline value

The current guideline value of Anna Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in SingaperumalKoil village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Anna Nagar has changed

The guideline value for Anna Nagar has seen several revisions over the years. In 2007, the value was set at Rs 154 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it then decreased to Rs 670 per sq.ft in 2017, before rising again to Rs 1,000 per sq.ft in 2023. The current revision for 2024 sets the value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 614%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in SingaperumalKoil

In SingaperumalKoil, there are 33 streets under the Chengleput Joint II SRO carrying a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the guideline value of Anna Nagar.

• Avvaiyar Street: Rs 800 per sq.ft (2024)
• Bharathiyar Street (West Side From G.S.T): Rs 1,500 per sq.ft (2024)
• Bhavani Nagar: Rs 1,100 per sq.ft (2024)
• Buthar Street: Rs 1,500 per sq.ft (2024)
• Gandhi Road: Rs 1,100 per sq.ft (2024)
• Gengaiamman Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty, charged at 7%, would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, making the total fees Rs 99,000. 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.

Which Sub Registrar Office covers Anna Nagar?

The Sub Registrar Office that covers Anna Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in SingaperumalKoil. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When registering a property, the guideline value serves as a benchmark for calculating the applicable duties and fees. It is essential for both parties in a transaction to understand how this value impacts their financial obligations during the sale.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 154 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, showing a significant increase over the years.

What are the stamp duty rates for property in Anna Nagar?

The stamp duty rate for property in Anna Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Anna Nagar?

The Sub Registrar Office for Anna Nagar is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengleput Joint II SRO.

What is the land classification for Anna Nagar?

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