Guideline Value for ANNA NAGAR NATARAJAN STREET

Anna Nagar Natarajan Street guideline value

The current guideline value of Anna Nagar Natarajan 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 Natarajan Street has changed

In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This figure remained unchanged in the 2017 revision, where it dropped to Rs 1,005 per sq.ft, marking a decrease of 33%. However, in the 2023 revision, the value increased significantly to Rs 1,500 per sq.ft, and in the latest 2024 revision, it rose further to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year. The register has no figures for the revisions in 2002, 2003, and 2007.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The change from 2017 to 2023 saw a notable rise of 49%, indicating a significant adjustment over that period. The current guideline value of Rs 1,650 per sq.ft is a reflection of these changes.

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 Natarajan Street's 2024 figure below that median.

• Anna Nagar Muthamizh Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Nehru 1st Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar M.G.R. Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Nehru Iind Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Nehru Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Palani Street: Rs 1,650 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000. Together, these fees would total Rs 1,48,500. 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 precise calculations.

Which Sub Registrar Office covers Anna Nagar Natarajan Street?

The Sub Registrar Office that covers Anna Nagar Natarajan 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 further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Thundalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

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

How has the guideline value changed over the years?

Since 2012, the guideline value has seen various changes, starting from Rs 1,500 per sq.ft in 2012, dropping to Rs 1,005 per sq.ft in 2017, and then increasing to Rs 1,650 per sq.ft by 2024.

What is the land classification for Anna Nagar Natarajan Street?

Anna Nagar Natarajan Street is classified as Residential Class IV Type - II, indicating its designation for residential purposes.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur total fees of Rs 1,48,500 based on the current guideline value.

Which office handles the registration for Anna Nagar Natarajan Street?

The Chennai South Joint I Sub Registrar Office is responsible for handling registrations for Anna Nagar Natarajan Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.