Guideline Value for ANNA NAGAR DESIGAN STREET

Anna Nagar Desigan Street guideline value

The current guideline value of Anna Nagar Desigan Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Thundalam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Anna Nagar Desigan Street has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This figure remained the same in the 2012 and 2017 revisions, where it was noted that the value decreased to Rs 1,005 per sq.ft in 2017. Following this, the 2023 revision saw a significant increase to Rs 1,500 per sq.ft, and the latest revision in 2024 has further increased it to Rs 1,650 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%. However, between the 2012 and 2017 revisions, the value fell by 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thundalam

In Thundalam, there are 97 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, placing Anna Nagar Desigan Street's 2024 figure below that median.

• Anna Nagar Doss 1st Cross Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Doss 1st Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Bharahtiyar Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Doss Iiird Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Doss Iind Cross Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Doss Iind Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar Desigan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost together to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Nagar Desigan Street?

The Sub Registrar Office that covers Anna Nagar Desigan Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Thundalam. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is sold, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Anna Nagar Desigan Street?

The current guideline value of Anna Nagar Desigan Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent increase from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024. There was also a significant increase from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023.

What is the land classification for Anna Nagar Desigan Street?

Anna Nagar Desigan Street is classified as Residential Class IV Type - II, indicating its suitability for residential development.

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

The Sub Registrar Office for Anna Nagar Desigan Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Thundalam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be calculated at 7% of that amount.