Guideline Value for ANNA ENCLAVE

Anna Enclave guideline value

The current guideline value of Anna Enclave, located in Enjambakkam village under the Neelankarai SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Anna Enclave has changed

The guideline value for Anna Enclave has undergone several revisions over the years. In 2003, the value was Rs 151 per sq.ft, which saw a significant increase to Rs 2,000 per sq.ft in 2007. Following this, the value rose to Rs 3,000 per sq.ft in 2012, but then decreased to Rs 2,010 per sq.ft in 2017. The value then increased sharply to Rs 3,000 per sq.ft in 2023 and is now Rs 3,300 per sq.ft in the 2024 revision.

In terms of percentage changes, the guideline value increased by 1225% from 2003 to 2007, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2003 to 2024, the guideline value has risen by 2085%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, indicating that Anna Enclave's 2024 guideline value is above this median.

• Ankala Parameswari Street: Rs 1,100 per sq.ft (2024)
• Annai Theresa Road: Rs 1,700 per sq.ft (2024)
• Anna Street: Rs 1,700 per sq.ft (2024)
• Ambedkar Street: Rs 1,700 per sq.ft (2024)
• ANUMAN COLONY 1st CROSS STREET: Rs 2,200 per sq.ft (2024)
• ANUMAN COLONY 2nd CROSS STREET: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Enclave?

The Sub Registrar Office that covers Anna Enclave is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Enjambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for tax purposes.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, based on the established guideline value for the property.

Frequently asked questions

What is the current guideline value of Anna Enclave?

The current guideline value of Anna Enclave is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 151 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 2085% over the years.

What is the land classification for Anna Enclave?

Anna Enclave is classified as Residential Class I Type - II, indicating its suitability for residential development.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where is the Sub Registrar Office for Anna Enclave located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.