Guideline Value for ANNA NAGAR 1ST STREET

Anna Nagar 1st Street guideline value

The current guideline value of Anna Nagar 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of Anna Nagar 1st Street has changed

The guideline value for Anna Nagar 1st Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,675 per sq.ft, marking a decline of 33%. In the following years, the value increased significantly, with the 2023 revision raising it to Rs 2,500 per sq.ft, and the latest 2024 revision bringing it to Rs 2,700 per sq.ft, reflecting an increase of 8% from the previous year.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that have a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which matches the current value for Anna Nagar 1st Street.

• Anna Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Anna Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Anna Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Anna Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Annai Sathya Nagar 3rd Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 2nd Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total cost Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Anna Nagar 1st Street?

The Sub Registrar Office covering Anna Nagar 1st Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Perambur. It serves as a benchmark for determining the minimum value at which the property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs involved in the transfer of property ownership. It is advisable to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Anna Nagar 1st Street?

The current guideline value of Anna Nagar 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, marking an increase of 8%. It was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012, showing significant fluctuations over the years.

What is the land classification for Anna Nagar 1st Street?

Anna Nagar 1st Street is classified as Residential Class III Type - II, which indicates its designated use for residential purposes.

Where can I find the registration office for Anna Nagar 1st Street?

The registration office for Anna Nagar 1st Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000.