Guideline Value for ANNA NAGAR BUS TERMINUS (WEST)

Anna Nagar Bus Terminus (West) guideline value

The current guideline value of Anna Nagar Bus Terminus (West) is Rs 13,200 per sq.ft, effective from 1 July 2024. This area is located in Villivakkam village, under the jurisdiction of the Villivakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Anna Nagar Bus Terminus (West) has changed

The guideline value for Anna Nagar Bus Terminus (West) has undergone several revisions over the years. In 2003, the value was Rs 1,405 per sq.ft, which increased to Rs 2,050 per sq.ft in 2007, marking a rise of 46%. By 2012, the value saw a significant jump to Rs 12,000 per sq.ft, an increase of 485%. However, it dropped to Rs 8,040 per sq.ft in 2017, reflecting a decrease of 33%. The value then rose to Rs 12,000 per sq.ft in 2023, and currently stands at Rs 13,200 per sq.ft as of the 2024 revision, showing a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 840%. Notably, there is no figure available for the year 2002 in the register for this street.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, making the current value for Anna Nagar Bus Terminus (West) above the median.

• Arkey Flats: Rs 8,200 per sq.ft (2024)
• ANBU COLONY (7th AVENUE): Rs 13,200 per sq.ft (2024)
• ASIAN GARDEN (Opp to Kumaraswamy Nagar): Rs 8,200 per sq.ft (2024)
• Amman Kuttai (Slum Board) (Near Leprosy Centre): Rs 2,200 per sq.ft (2024)
• Ajantha Flats: Rs 13,200 per sq.ft (2024)
• Agathiyar Nagar Srinivasa Avenue: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar Bus Terminus (West)

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value would be Rs 1,32,00,000. The stamp duty at 7% would amount to Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total fees to Rs 11,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Nagar Bus Terminus (West)?

The Anna Nagar Bus Terminus (West) is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for further assistance.

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

The guideline value is an essential factor in the registration process when buying or selling property in Villivakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anna Nagar Bus Terminus (West)?

The current guideline value of Anna Nagar Bus Terminus (West) is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 1,405 per sq.ft in 2003 to Rs 13,200 per sq.ft in 2024, reflecting an overall increase of 840% over this period.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 1,32,00,000, the stamp duty would be Rs 9,24,000 and the registration fee would be Rs 2,64,000, totaling Rs 11,88,000.

Which office handles registrations for Anna Nagar Bus Terminus (West)?

The Villivakkam Sub Registrar Office handles registrations for Anna Nagar Bus Terminus (West), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Anna Nagar Bus Terminus (West)?

Anna Nagar Bus Terminus (West) is classified as Residential Class I Type - I, indicating its suitability for residential development.