Guideline Value for Anna Lakshmi Nagar

Anna Lakshmi Nagar guideline value

The current guideline value of Anna Lakshmi Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Kottivakkam village under the Adayar SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Anna Lakshmi Nagar has changed

Over the years, the guideline value of Anna Lakshmi Nagar has seen several revisions. The 2012 revision set the value at Rs 3,000 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 2,010 per sq.ft, marking a decline of 33%. The value increased significantly in the 2023 revision to Rs 3,000 per sq.ft, and further rose to Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the increase is 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO, which have a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, indicating that the guideline value of Anna Lakshmi Nagar is below this median.

• Annai Sathiya Street: Rs 1,700 per sq.ft (2024)
• Anna Nagar Main Street Road: Rs 1,700 per sq.ft (2024)
• Anna Street: Rs 3,900 per sq.ft (2024)
• A G S Colony Main Road: Rs 3,900 per sq.ft (2024)
• A G S Colony 4th Cross Street: Rs 3,900 per sq.ft (2024)
• A G S Colony 3rd Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Lakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Lakshmi Nagar?

The Sub Registrar Office that covers Anna Lakshmi Nagar is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

When buying or selling property in Kottivakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and is used as a basis for calculating these fees, ensuring that the transaction is recorded at a fair value.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial aspects of property transactions. This value is regularly updated to reflect changes in the real estate market and is an important factor in the registration process.

Frequently asked questions

What is the current guideline value of Anna Lakshmi Nagar?

The current guideline value of Anna Lakshmi Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What are the guideline values for other streets in Kottivakkam?

Other streets in Kottivakkam have varying guideline values, ranging from Rs 1,700 to Rs 3,900 per sq.ft. The median for these streets is Rs 3,900 per sq.ft.

What is the registration fee for property in Anna Lakshmi Nagar?

The registration fee for property in Anna Lakshmi Nagar is calculated based on the guideline value. For example, for a property valued at Rs 33,00,000, the registration fee would be Rs 66,000 at 2%.

Where can I find the Sub Registrar Office for Anna Lakshmi Nagar?

The Sub Registrar Office for Anna Lakshmi Nagar is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.