Guideline Value for Anna Adarsh Working Women Hostel

Anna Adarsh Working Women Hostel guideline value

The current guideline value of Anna Adarsh Working Women Hostel is Rs 11,000 per sq.ft, effective from 1 July 2024. It is located in Naduvakkarai village, under the AnnaNagar SRO, classified as Residential Class I Type - II.

How the guideline value of Anna Adarsh Working Women Hostel has changed

The guideline value for Anna Adarsh Working Women Hostel has seen several revisions over the years. In 2007, the value was Rs 1,800 per sq.ft, which increased to Rs 10,000 per sq.ft in 2012. However, it decreased to Rs 6,700 per sq.ft in 2017. The value then rose significantly to Rs 10,000 per sq.ft in 2023, and currently stands at Rs 11,000 per sq.ft as of the 2024 revision. There are no figures available for the years 2002 and 2003 for this street.

From 2007 to 2012, the guideline value increased by 456%. However, it saw a decline of 33% from 2012 to 2017. The subsequent rise from 2017 to 2023 was 49%, and the increase from 2023 to 2024 is 10%. Overall, from 2007 to 2024, the guideline value has increased by 511%.

Guideline values in Naduvakkarai

In Naduvakkarai, there are 148 streets under the AnnaNagar SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median value for these streets is Rs 11,500 per sq.ft, placing Anna Adarsh Working Women Hostel's 2024 value below this median.

• Annai Anjugam Nagar: Rs 5,500 per sq.ft (2024)
• AM- Block 14th Main Road: Rs 12,600 per sq.ft (2024)
• Ambedkat Street: Rs 3,300 per sq.ft (2024)
• Ambedkar Streeet , New Colony: Rs 5,400 per sq.ft (2024)
• Anna Street, New Colony: Rs 5,400 per sq.ft (2024)
• Ambedkar Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Adarsh Working Women Hostel

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value would be Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, totaling Rs 9,90,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Adarsh Working Women Hostel?

The Anna Adarsh Working Women Hostel falls under the jurisdiction of the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Naduvakkarai. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that these costs are calculated based on the official value set by the registration department.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately in the official land records, providing legal protection for both the buyer and seller.

Frequently asked questions

What is the current guideline value of Anna Adarsh Working Women Hostel?

The current guideline value of Anna Adarsh Working Women Hostel is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 11,000 per sq.ft in 2024, with several revisions in between, including a decrease in 2017 followed by increases in subsequent years.

What is the median guideline value in Naduvakkarai?

The median guideline value in Naduvakkarai for 2024 is Rs 11,500 per sq.ft, which is higher than the current value of Anna Adarsh Working Women Hostel.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft property at the current guideline value would incur a total cost of Rs 9,90,000 for these fees.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office covering Anna Adarsh Working Women Hostel is the AnnaNagar SRO, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.