Guideline Value for ANNA NAGAR

Anna Nagar guideline value

The current guideline value of Anna Nagar in Tiruttani village, under the Thiruttani SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class V Type - I.

How the guideline value of Anna Nagar has changed

Since the 2017 revision, the guideline value for Anna Nagar has seen significant changes. In 2017, the value was Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft. The median value is Rs 825 per sq.ft, indicating that Anna Nagar's 2024 figure is below this median.

• Anna Kudiyiruppu 1 & 2: Rs 550 per sq.ft (2024)
• Anumanthapuram: Rs 825 per sq.ft (2024)
• Arakonam Road ( Mgr Nagar To Mali Pathai): Rs 1,099 per sq.ft (2024)
• Arikarai Street: Rs 825 per sq.ft (2024)
• Angalamman Koil Street: Rs 825 per sq.ft (2024)
• Arumugaswamy Koil Stret: Rs 825 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 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty, calculated at 7%, would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Anna Nagar?

The Sub Registrar Office covering Anna Nagar is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tiruttani. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated fairly based on the property’s value.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Anna Nagar has increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification for Anna Nagar?

Anna Nagar is classified as Residential Class V Type - I. This classification impacts the guideline value and the regulations governing property transactions in the area.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 5,50,000, the total fees would amount to Rs 49,500.

Where is the Sub Registrar Office for Anna Nagar located?

The Thiruttani Sub Registrar Office is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. This office handles all registrations for properties in Anna Nagar.