Guideline Value for ANNA NAGAR

Anna Nagar guideline value

The current guideline value of Anna Nagar in Chinnakavanam village under the Ponneri SRO is Rs 300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Anna Nagar has changed

Over the years, the guideline value for Anna Nagar has undergone several revisions. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures are Rs 200 per sq.ft from the 2023 revision and Rs 300 per sq.ft from the 2024 revision, reflecting an increase of 50% from the previous year.

This change indicates a significant adjustment in the guideline value, aligning with the median value of Rs 300 per sq.ft for the 28 streets in Chinnakavanam under the Ponneri SRO that carry a 2024 figure ranging from Rs 300 to Rs 400 per sq.ft.

Guideline values in Chinnakavanam

The guideline values in Chinnakavanam show that Anna Nagar's 2024 figure of Rs 300 per sq.ft is equal to the median value for the area. Below are the guideline values for other streets in Chinnakavanam:

• Andimuthan Street: Rs 300 per sq.ft (2024)
• Ambedkar Street: Rs 300 per sq.ft (2024)
• Achisolai Street: Rs 300 per sq.ft (2024)
• Burma Nagar: Rs 300 per sq.ft (2024)
• G.L.S. Nagar: Rs 300 per sq.ft (2024)
• Jayamani Nagar: Rs 300 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 further calculations.

Which Sub Registrar Office covers Anna Nagar?

The Sub Registrar Office that covers Anna Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Chinnakavanam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the government.

When a property is registered, the guideline value helps to establish a fair value for the transaction, which is essential for both buyers and sellers. This value must be considered to ensure compliance with legal requirements during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Anna Nagar?

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

How much has the guideline value changed recently?

The guideline value increased from Rs 200 per sq.ft in 2023 to Rs 300 per sq.ft in 2024, marking a 50% rise.

What is the land classification for Anna Nagar?

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

How is the stamp duty calculated in Anna Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 3,00,000 would incur a stamp duty of Rs 21,000.

Where is the Sub Registrar Office for Anna Nagar located?

The Sub Registrar Office for Anna Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in the area.