Guideline Value for ANNA NAGAR NEHRU IIND STREET

Anna Nagar Nehru Iind Street guideline value

The current guideline value of Anna Nagar Nehru Iind 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 Nehru Iind Street has changed

Over the years, the guideline value for Anna Nagar Nehru Iind Street has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49% to Rs 1,500 per sq.ft, followed by a further increase of 10% in the 2024 revision, bringing the current value to Rs 1,650 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision shows a modest increase of 10%.

Guideline values in Thundalam

In Thundalam, there are 97 streets under the Chennai South Joint I SRO that have 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, indicating that the guideline value of Anna Nagar Nehru Iind Street is below this median.

• Anna Nagar Nehru 1st Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Nehru Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Natarajan Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Palani Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Muthamizh Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Panjali Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar Nehru Iind 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, while the registration fee at 2% would be Rs 33,000. Together, the total cost for stamp duty and registration would be 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Nagar Nehru Iind Street?

The Sub Registrar Office that covers Anna Nagar Nehru Iind 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 details.

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

The guideline value is a critical factor in property transactions in Thundalam. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must be aware of the guideline value as it directly influences the overall cost of the transaction.

When registering a property, the guideline value serves as a benchmark for calculating the applicable fees. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Anna Nagar Nehru Iind Street?

The current guideline value of Anna Nagar Nehru Iind 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 changed from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, marking a 10% increase. The value also saw a rise from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, which is a 49% increase.

What is the land classification for Anna Nagar Nehru Iind Street?

Anna Nagar Nehru Iind Street is classified as Residential Class IV Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500. These fees are based on the guideline value.

Which office handles registrations for Anna Nagar Nehru Iind Street?

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