Guideline Value for ANNA NAGAR

Anna Nagar guideline value

The current guideline value for Anna Nagar in Irunkattukottai village, under the Sriperumpudur SRO, is Rs 800 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

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 536 per sq.ft, marking a decline of 33%. However, the value saw a significant increase in the 2023 revision, returning to Rs 800 per sq.ft, which was a 49% increase from the 2017 figure. The 2024 revision has kept the guideline value at Rs 800 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. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 800 per sq.ft.

Guideline values in Irunkattukottai

In Irunkattukottai, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,250 per sq.ft. The median value among these streets is Rs 400 per sq.ft, placing Anna Nagar's 2024 figure above that median.

• Anna Street: Rs 600 per sq.ft (2024)
• Anna Cross Street: Rs 600 per sq.ft (2024)
• Ashok Nagar: Rs 250 per sq.ft (2024)
• Ambedkhar Cross Street: Rs 250 per sq.ft (2024)
• Bakthavathsalam Street: Rs 400 per sq.ft (2024)
• Bharathiyar Street: Rs 400 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 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees together to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Nagar?

The Sub Registrar Office that covers Anna Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Irunkattukottai. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees. This process ensures transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value for Anna Nagar?

The current guideline value for Anna Nagar is Rs 800 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 800 per sq.ft, the same as in 2023. The previous revision in 2017 had a lower value of Rs 536 per sq.ft.

What is the land classification for Anna Nagar?

Anna Nagar is classified as Residential Special Type - I, which indicates its intended use for residential purposes within the area.

Where can I find the Sub Registrar Office for Anna Nagar?

The Sub Registrar Office for Anna Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property in Anna Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 at 7%.