Guideline Value for ANNA NAGAR ANNEX

Anna Nagar Annex guideline value

The current guideline value of Anna Nagar Annex, located in Vadamelpakkam village under the Gooduvancheri SRO, is Rs 350 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Anna Nagar Annex has changed

In the 2017 revision, the guideline value was set at Rs 234 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 350 per sq.ft. The 2024 revision has maintained the same value of Rs 350 per sq.ft, resulting in a 0% change from 2023 to 2024. Overall, from 2017 to 2024, the guideline value has increased by 50%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2017 revision marked the beginning of the current guideline value, which has remained stable since then.

Guideline values in Vadamelpakkam

In Vadamelpakkam, there are 19 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 350 to Rs 1,000 per sq.ft. The median value among these streets is Rs 350 per sq.ft, making the guideline value of Anna Nagar Annex equal to this median.

• Anna Nagar: Rs 350 per sq.ft (2024)
• Aishwarya Nagar: Rs 350 per sq.ft (2024)
• D.J.M. Nagar: Rs 350 per sq.ft (2024)
• Galaxy Divine castle: Rs 650 per sq.ft (2024)
• Ganthi Nagar: Rs 350 per sq.ft (2024)
• Kannaya Garden: Rs 975 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value is Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, while the registration fee at 2% would be Rs 7,000. Together, these fees total Rs 31,500. 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 detailed calculations.

Which Sub Registrar Office covers Anna Nagar Annex?

The Anna Nagar Annex is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Vadamelpakkam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. The fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for buyers and sellers alike, as it ensures compliance with local regulations and helps in estimating the costs involved in property transactions. It is advisable to check the current guideline value before proceeding with any real estate transactions.

Frequently asked questions

What is the current guideline value of Anna Nagar Annex?

The current guideline value of Anna Nagar Annex is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 50%, from Rs 234 per sq.ft to Rs 350 per sq.ft in 2024. There has been no change from 2023 to 2024.

What is the land classification for Anna Nagar Annex?

Anna Nagar Annex is classified as Residential Special Type - I. This classification is important for understanding the zoning and permissible uses of the land.

How is stamp duty calculated for properties in Anna Nagar Annex?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500 at a rate of 7%.

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

The Sub Registrar Office covering Anna Nagar Annex is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find more details by visiting the appropriate link.