Guideline Value for ANNA NAGAR

Anna Nagar guideline value

The current guideline value of Anna Nagar, located in Pungathur village under the Tiruvallur Joint 1 SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Anna Nagar has changed

In the 2017 revision, the guideline value was set at Rs 1,005 per sq.ft. This figure increased significantly to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has seen another increase of 10%, bringing the current guideline value to Rs 1,650 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This substantial increase reflects changes in the real estate landscape in the area over the years.

Guideline values in Pungathur

Pungathur village has 32 streets under the Tiruvallur Joint 1 SRO, with guideline values ranging from Rs 550 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 1,485 per sq.ft, making Anna Nagar's 2024 figure of Rs 1,650 per sq.ft above that median.

• A.R.K Nagar: Rs 1,650 per sq.ft (2024)
• A.S.P. Nagar Ext: Rs 1,099 per sq.ft (2024)
• A.S.P Nagar Extn(581/2,581/3,581/3a): Rs 1,099 per sq.ft (2024)
• Bajanai koil st: Rs 550 per sq.ft (2024)
• Jayanagar mainRoad: Rs 1,650 per sq.ft (2024)
• Kamakshiamman st: Rs 550 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 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Nagar?

The Sub Registrar Office that covers Anna Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical component in property transactions in Pungathur. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps to establish a fair transaction price. Buyers and sellers must consider the guideline value when negotiating sale prices, as it directly impacts the costs associated with the registration process.

Frequently asked questions

What is the current guideline value for Anna Nagar?

The current guideline value for Anna Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, representing a total increase of 64% over this period.

What is the land classification for Anna Nagar?

Anna Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Where is the Sub Registrar Office for Anna Nagar located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.