Guideline Value for ANNA NAGAR

Anna Nagar guideline value

The current guideline value of Anna Nagar in Vijayanallur village, under the Redhills SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Anna Nagar has changed

In the 2017 revision, the guideline value was Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in the 2023 revision, marking a 49% rise over the six-year period. The most recent revision in 2024 saw a further increase to Rs 440 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vijayanallur

In Vijayanallur, there are 19 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 540 per sq.ft, placing Anna Nagar's 2024 figure below this median.

• Baby Enclave: Rs 540 per sq.ft (2024)
• Gnt Road: Rs 2,200 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 550 per sq.ft (2024)
• Kalikambal Nagar: Rs 440 per sq.ft (2024)
• Kalpaga Nagar Annexe: Rs 2,200 per sq.ft (2024)
• Mamannar Maruthupandiar Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Nagar?

Anna Nagar is covered by the Redhills Sub Registrar Office, located at Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value is an important factor in the registration process for property transactions in Vijayanallur. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When buying or selling property, the guideline value will be referenced to ensure that the appropriate fees are calculated based on either the guideline value or the sale price, depending on which is higher. This ensures compliance with local regulations and proper documentation of the transaction.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, and then to Rs 440 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the guideline values of other streets in Vijayanallur?

Other streets in Vijayanallur have varying guideline values, ranging from Rs 440 to Rs 2,200 per sq.ft. The median for these streets is Rs 540 per sq.ft, with Anna Nagar's value being below this median.

What fees are associated with buying property in Anna Nagar?

When purchasing property in Anna Nagar, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would have total fees of Rs 39,600.

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

The Sub Registrar Office covering Anna Nagar is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. This office handles all registration needs for properties in the area.