Guideline Value for ANNA NAGAR SANNATHI CROSS STREET

Anna Nagar Sannathi Cross Street guideline value

The current guideline value of Anna Nagar Sannathi Cross 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, classified as Residential Class IV Type - II.

How the guideline value of Anna Nagar Sannathi Cross Street has changed

The guideline value for Anna Nagar Sannathi Cross Street has seen several revisions over the years. In 2012, the value was Rs 1,500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,005 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, followed by a further increase to Rs 1,650 per sq.ft in 2024.

Overall, the guideline value has increased by 10% from 2012 to 2024. The changes between revisions include a 49% increase from 2017 to 2023 and a 10% increase from 2023 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thundalam

In Thundalam village, 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 guideline value is Rs 1,870 per sq.ft, placing Anna Nagar Sannathi Cross Street's 2024 figure below that median.

• Anna Nagar Phase-II Main Road: Rs 1,650 per sq.ft (2024)
• Anna Nagar Sannathi Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar / Phase I: Rs 1,650 per sq.ft (2024)
• Anna Nagar Senthamizh Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Panjali 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 Sannathi Cross 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 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. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Nagar Sannathi Cross Street?

The Sub Registrar Office that covers Anna Nagar Sannathi Cross 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 plays a crucial role during the registration of property transactions in Thundalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Anna Nagar Sannathi Cross Street?

The current guideline value of Anna Nagar Sannathi Cross 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 2012 to Rs 1,650 per sq.ft in 2024, with a notable decrease to Rs 1,005 per sq.ft in 2017 before rising again.

What is the registration office for Anna Nagar Sannathi Cross Street?

The registration office for Anna Nagar Sannathi Cross 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.

How is the stamp duty calculated for properties in Thundalam?

Stamp duty for properties in Thundalam is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.

What is the range of guideline values for other streets in Thundalam?

The guideline values for other streets in Thundalam range from Rs 1,100 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft.