Guideline Value for ANNA NAGAR

Anna Nagar guideline value

The current guideline value of Anna Nagar, located in Vadamelpakkam village under the Gooduvancheri SRO, is Rs 350 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Anna Nagar has changed

Over the years, the guideline value for Anna Nagar has seen several revisions. The 2012 revision set the value at Rs 350 per sq.ft, which remained unchanged in the subsequent revision in 2017, where it was reduced to Rs 234 per sq.ft. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 350 per sq.ft. The most recent revision in 2024 maintained this figure at Rs 350 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the changes observed are primarily between the years 2012, 2017, 2023, and 2024.

Guideline values in Vadamelpakkam

In Vadamelpakkam, there are 19 streets under the Gooduvancheri SRO with a guideline value for 2024 ranging from Rs 350 to Rs 1,000 per sq.ft. The median value for these streets is Rs 350 per sq.ft, which is the same as the 2024 guideline value for Anna Nagar.

• Anna Nagar Annex: Rs 350 per sq.ft (2024)
• Aishwarya Nagar: Rs 350 per sq.ft (2024)
• D.J.M. Nagar: Rs 350 per sq.ft (2024)
• Galaxy Divine castle: Rs 650 per sq.ft (2024)
• Ganthi Nagar: Rs 350 per sq.ft (2024)
• Kannaya Garden: Rs 975 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty is charged at 7%, which totals Rs 24,500, and the registration fee at 2% is Rs 7,000. Therefore, the total fees amount to Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Anna Nagar?

The Sub Registrar Office covering Anna Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vadamelpakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for ensuring compliance with local regulations and for accurately budgeting the costs associated with property transactions. This value is regularly updated, reflecting changes in the market and local development, which can impact the overall costs involved in property dealings.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 350 per sq.ft in 2012, 2023, and 2024. It decreased to Rs 234 per sq.ft in 2017, marking a 50% increase from 2017 to 2023.

Are there any revisions without figures for Anna Nagar?

Yes, the register has no figures for the years 2002, 2003, and 2007 for Anna Nagar.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 3,50,000, the total fees would amount to Rs 31,500.

Where is the Sub Registrar Office for Anna Nagar located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.