Guideline Value for ANNA NAGAR

Anna Nagar guideline value

The current guideline value for Anna Nagar in Kolathuvancheri village is Rs 1,870 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Anna Nagar has changed

The guideline value for Anna Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 500 per sq.ft. This value increased significantly to Rs 1,700 per sq.ft in 2012, but then decreased to Rs 1,139 per sq.ft in 2017. Following this, the value rose sharply to Rs 1,700 per sq.ft in 2023, before reaching the current rate of Rs 1,870 per sq.ft in 2024.

Between the revisions, the changes were notable. From 2007 to 2012, there was an increase of 240%. However, from 2012 to 2017, the value decreased by 33%. The value then increased by 49% from 2017 to 2023, and from 2023 to 2024, it rose by 10%. Overall, the guideline value has increased by 274% from 2007 to 2024.

Guideline values in Kolathuvancheri

In Kolathuvancheri, there are 146 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 660 to Rs 4,600 per sq.ft, with a median of Rs 1,650 per sq.ft. The guideline value for Anna Nagar is above this median.

• Annai Abirami Nagar 2nd Street: Rs 1,650 per sq.ft (2024)
• Annai Abirami Nagar 1st Street: Rs 1,650 per sq.ft (2024)
• Annai Abirami Nagar: Rs 1,650 per sq.ft (2024)
• Arunachalam Avenue / Nagar: Rs 1,870 per sq.ft (2024)
• Arun Nagar / Street: Rs 990 per sq.ft (2024)
• Ashok Brindavan: Rs 2,200 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 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total cost for these fees to Rs 1,68,300. 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 detailed calculations.

Which Sub Registrar Office covers Anna Nagar?

The Anna Nagar area is covered by 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 more information.

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

The guideline value is a critical factor when registering a property in Kolathuvancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value will influence the stamp duty and registration fees that need to be paid. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar in Kolathuvancheri village is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 500 per sq.ft in 2007 to Rs 1,870 per sq.ft in 2024, reflecting an overall increase of 274% over this period.

What are the other streets in Kolathuvancheri?

Other streets in Kolathuvancheri include Annai Abirami Nagar 2nd Street, Annai Abirami Nagar 1st Street, Annai Abirami Nagar, Arunachalam Avenue / Nagar, Arun Nagar / Street, and Ashok Brindavan, with varying guideline values.

What are the stamp duty and registration fees for property in Anna Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 1,68,300.

Which office handles registrations for Anna Nagar?

The Chennai South Joint I Sub Registrar Office handles registrations for Anna Nagar, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.