Guideline Value for ANNA NAGAR

Anna Nagar guideline value

The current guideline value of Anna Nagar, located in Nanthiambakkam village under the Thiruvottiyur SRO, is Rs 330 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

Over the years, the guideline value of Anna Nagar has seen several revisions. The earliest recorded value in 2003 was Rs 49 per sq.ft, which increased to Rs 50 per sq.ft in 2007. By 2012, the value rose to Rs 300 per sq.ft, followed by a decrease to Rs 201 per sq.ft in 2017. The 2023 revision set the value at Rs 300 per sq.ft, and the latest revision in 2024 increased it to Rs 330 per sq.ft. The register has no figure for this street in 2002.

From 2017 to 2023, there was a significant increase of 49%. The value saw a remarkable rise of 500% from 2007 to 2012, while the increase from 2003 to 2024 amounts to an overall change of 573%. The most recent change from 2023 to 2024 reflects a 10% increase.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 770 per sq.ft. The median value is Rs 330 per sq.ft, placing Anna Nagar's 2024 figure at this median.

• Annai Rathinamani Nagar/Avenue: Rs 330 per sq.ft (2024)
• Annai Avenue: Rs 330 per sq.ft (2024)
• Arulmigu Kongiamman Nagar/Ext: Rs 385 per sq.ft (2024)
• Anand Nagar: Rs 330 per sq.ft (2024)
• Athilakshmi Nagar: Rs 330 per sq.ft (2024)
• Ambal Street: Rs 330 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 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, making the total cost for these fees Rs 29,700. 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 covering Anna Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nanthiambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is assessed to ensure that the transaction is registered at a fair value, preventing undervaluation. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 49 per sq.ft in 2003 to Rs 330 per sq.ft in 2024, with several revisions in between, including a decrease in 2017.

What is the registration office for Anna Nagar?

The registration office for Anna Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Anna Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate results in a stamp duty of Rs 23,100.

What are the other streets in Nanthiambakkam with similar guideline values?

Other streets in Nanthiambakkam with a guideline value of Rs 330 per sq.ft include Annai Rathinamani Nagar/Avenue, Annai Avenue, Anand Nagar, Athilakshmi Nagar, and Ambal Street.