Guideline Value for Anna Colony

Anna Colony guideline value

The current guideline value for Anna Colony, located in Nesapakkam village under the Virugambakkam SRO, is Rs 2,750 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - II land classification.

How the guideline value of Anna Colony has changed

Over the years, the guideline value for Anna Colony has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the most recent 2024 revision has raised it to Rs 2,750 per sq.ft.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Nesapakkam

Nesapakkam village has a total of 148 streets under the Virugambakkam SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 7,150 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, making Anna Colony's current value below this median.

• Annai Indra Nagar: Rs 3,300 per sq.ft (2024)
• Annai Sathya Nagar 10th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathya Nagar 11th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathya Nagar 12th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathya Nagar 13th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathya Nagar 1st Main Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty, charged at 7%, would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total cost for these charges Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Colony?

The Sub Registrar Office that covers Anna Colony is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Nesapakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is officially recorded at a recognized value.

When a property is sold, the buyer and seller must adhere to the guideline value set by the registration department. This helps maintain transparency in property transactions and ensures that the government receives the appropriate taxes based on the established guideline values.

Frequently asked questions

What is the current guideline value of Anna Colony?

The current guideline value of Anna Colony is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification of Anna Colony?

Anna Colony is classified as Residential Class II Type - II, which is important for determining its guideline value.

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

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Anna Colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at Rs 2,750 per sq.ft, the stamp duty would amount to Rs 1,92,500.