Guideline Value for ANNA NAGAR

Anna Nagar guideline value

The current guideline value of Anna Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This area falls under Saidapet village and is governed by the Chennai South Joint II SRO. The land classification for this locality is Residential Class III Type - I.

How the guideline value of Anna Nagar has changed

The guideline value for Anna Nagar has undergone several revisions over the years. In 2002, the value was Rs 490 per sq.ft. This increased to Rs 614 per sq.ft in 2003, marking a change of +25%. The value then rose significantly to Rs 1,127 per sq.ft in 2007, an increase of +84%. The subsequent revision in 2012 saw a decrease to Rs 3,000 per sq.ft, which was a drop of -33%. In 2017, the value rose again to Rs 2,010 per sq.ft, reflecting a change of +49%. The most recent revision in 2023 set the value at Rs 3,000 per sq.ft, which then increased to Rs 3,300 per sq.ft in 2024, a rise of +10%.

There are no figures available for the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by +573%.

Guideline values in Saidapet

In Saidapet, there are 106 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value for Anna Nagar is below this median.

• Anna Salai: Rs 13,200 per sq.ft (2024)
• Anjaneyar Koil Street: Rs 3,300 per sq.ft (2024)
• Andal Street: Rs 3,300 per sq.ft (2024)
• Amma Kannammal Street: Rs 3,300 per sq.ft (2024)
• Alandur Road: Rs 6,050 per sq.ft (2024)
• Abith Colony: Rs 4,400 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 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. 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 details.

Which Sub Registrar Office covers Anna Nagar?

The Sub Registrar Office that covers Anna Nagar is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035, Chennai registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Saidapet. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to understand that the guideline value affects the overall cost of the transaction. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can impact the total financial obligations involved in the purchase.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 490 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of +573% across the years.

What is the land classification for Anna Nagar?

Anna Nagar is classified as Residential Class III Type - I, indicating its zoning for residential purposes.

What are the stamp duty rates for property in Anna Nagar?

The stamp duty rate for property transactions in Anna Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Anna Nagar located?

The Chennai South Joint II Sub Registrar Office is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.