Guideline Value for ANNA NAGAR

Anna Nagar guideline value

The current guideline value of Anna Nagar in Pudupet village, falling under the Pallipattu SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Anna Nagar has changed

Since the 2002 revision, the guideline value register has no figures for the years 2002, 2003, 2007, and 2012. The 2017 revision set the guideline value at Rs 402 per sq.ft. Following this, the 2023 revision maintained the same value at Rs 500 per sq.ft, marking a 24% increase from the 2017 figure.

In the 2024 revision, the guideline value remains unchanged at Rs 500 per sq.ft, resulting in no change from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 24%.

Guideline values in Pudupet

Pudupet village has 42 streets under the Pallipattu SRO, with guideline values ranging from Rs 102 to Rs 600 per sq.ft. The median guideline value in this area is Rs 350 per sq.ft, placing Anna Nagar's 2024 figure above this median.

• Anchaneiya Nagar: Rs 250 per sq.ft (2024)
• Bazeer Kelandaistreet: Rs 400 per sq.ft (2024)
• Bazhaar Street: Rs 600 per sq.ft (2024)
• Beri Street: Rs 600 per sq.ft (2024)
• Beristreet Santhu: Rs 300 per sq.ft (2024)
• Braminar Street: Rs 350 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 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total cost for these fees to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Nagar?

The Sub Registrar Office that covers Anna Nagar is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for additional information.

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

The guideline value is a crucial factor in property transactions in Pudupet, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

During the registration process, the guideline value is used to calculate applicable stamp duty and registration fees. This ensures that the government receives the correct revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Anna Nagar has seen a 24% increase from Rs 402 per sq.ft in 2017 to Rs 500 per sq.ft in both 2023 and 2024. There were no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification of Anna Nagar?

Anna Nagar is classified as Residential Special Type - II, indicating its designated use for residential purposes within the area.

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

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Anna Nagar located?

The Sub Registrar Office for Anna Nagar is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.