Guideline Value for ANNA NAGAR VIVEKANDAR STREET

Anna Nagar Vivekandar Street guideline value

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

The guideline value for Anna Nagar Vivekandar Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft. This figure remained until the 2017 revision, which decreased the value to Rs 1,005 per sq.ft, marking a decline of 33%. However, the subsequent revisions saw a significant increase, with the 2023 revision bringing the value back up to Rs 1,500 per sq.ft, and then a further increase to Rs 1,650 per sq.ft in the 2024 revision, reflecting a 10% rise.

From 2017 to 2023, the guideline value increased by 49%, reaching Rs 1,500 per sq.ft. Overall, from the 2012 revision to the 2024 revision, 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 guideline value for these streets is Rs 1,870 per sq.ft, placing Anna Nagar Vivekandar Street's 2024 figure below that median.

• Anna Nagar Thulasingam Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Senthamizh Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Sannathi Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Sannathi Cross Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Phase-II Main Road: Rs 1,650 per sq.ft (2024)
• Anna Nagar / Phase I: Rs 1,650 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 16,50,000. The stamp duty at 7% amounts to Rs 1,15,500, and the registration fee at 2% is Rs 33,000, together totaling Rs 1,48,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Nagar Vivekandar Street?

The Sub Registrar Office that covers Anna Nagar Vivekandar 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, Chennai registration zone. 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 an essential factor in property transactions in Thundalam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it impacts the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions. This value is crucial for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

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

The current guideline value of Anna Nagar Vivekandar 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 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Anna Nagar Vivekandar Street?

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

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Anna Nagar Vivekandar 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 this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot with a guideline value of Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 at 7%.