Guideline Value for ANNA NAGAR

Anna Nagar guideline value

The current guideline value of Anna Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under Neelamangalam village and is classified as Commercial Class I Type - I. The registration for this property is managed by the Madurandakam SRO.

How the guideline value of Anna Nagar has changed

The guideline value for Anna Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft. Following this, there was a significant increase to Rs 100 per sq.ft in the 2023 revision, which was maintained in the 2024 revision, resulting in a 49% increase from 2017 to 2023 and a 0% change from 2023 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 100 per sq.ft.

Guideline values in Neelamangalam

In Neelamangalam, the guideline value for Anna Nagar is Rs 100 per sq.ft. The area also includes other streets with varying guideline values.

• Sai Sathyanarayana Garden: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty is calculated at 7%, resulting in Rs 7,000, and the registration fee at 2% is Rs 2,000, bringing the total fees to Rs 9,000. It is essential to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Nagar?

The Sub Registrar Office covering Anna Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Neelamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the registration is carried out according to the established rates. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 100 per sq.ft, which has been unchanged since 2012. The value decreased to Rs 67 per sq.ft in 2017 before increasing again in 2023.

What is the stamp duty rate for properties in Anna Nagar?

The stamp duty for properties in Anna Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Madurandakam Sub Registrar Office located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What is the land classification of Anna Nagar?

Anna Nagar is classified as Commercial Class I Type - I, indicating its designation for commercial use within the area.