Guideline Value for ANNA COLONY

Anna Colony guideline value

The current guideline value of Anna Colony, located in Thiruvottiyur village under the Thiruvottiyur SRO, is Rs 3,700 per sq.ft, effective from 1 July 2024. This area is classified as Mixed Special Type - II.

How the guideline value of Anna Colony has changed

The guideline value for Anna Colony has seen several revisions over the years. The earliest recorded revision is from 2007, when the value was Rs 600 per sq.ft. This increased significantly to Rs 3,400 per sq.ft in 2012, marking a substantial rise of 467%. However, from 2012 to 2017, the value fell to Rs 2,278 per sq.ft, a decrease of 33%. The value then rose again to Rs 3,400 per sq.ft in 2023, which was a 49% increase from the previous revision. The latest revision in 2024 set the guideline value at Rs 3,700 per sq.ft, reflecting a 9% increase from 2023.

It is important to note that there are no recorded figures for the revisions in 2002 and 2003 for this street. Overall, the guideline value has increased by 517% from 2007 to 2024.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Anna Colony is above this median.

• Anjugam Nagar--2: Rs 3,300 per sq.ft (2024)
• Annai Gengammal Street: Rs 1,300 per sq.ft (2024)
• Anjugam Nagar--1: Rs 3,300 per sq.ft (2024)
• Annamalai Nagars/Streets/Cross Streets: Rs 1,500 per sq.ft (2024)
• Amsa Thottam: Rs 3,300 per sq.ft (2024)
• Anna Nagar (Egavaliyamman Koil Street): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 3,700 per sq.ft, the total guideline value amounts to Rs 37,00,000. The stamp duty is charged at 7%, which totals Rs 2,59,000, and the registration fee is 2%, amounting to Rs 74,000. Therefore, the total cost for stamp duty and registration fees would be Rs 3,33,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Anna Colony?

The Sub Registrar Office that covers Anna Colony is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information on your SRO, you can find your SRO.

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

The guideline value is a crucial factor when registering property in Thiruvottiyur. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased. When a transaction occurs, the guideline value helps ensure that the property is not sold below a certain price, which is important for taxation purposes.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Anna Colony?

The current guideline value of Anna Colony is Rs 3,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 600 per sq.ft to Rs 3,700 per sq.ft in 2024, marking an overall increase of 517%.

What is the land classification of Anna Colony?

Anna Colony is classified as Mixed Special Type - II, which may influence the guideline value and property regulations in the area.

What are the stamp duty and registration fees for property in Anna Colony?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 37,00,000, the total fees would be Rs 3,33,000.

Where is the Sub Registrar Office for Anna Colony located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.