Guideline Value for Anna Main Road

Anna Main Road guideline value

The current guideline value of Anna Main Road is Rs 7,700 per sq.ft, effective from 1 July 2024. This road is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Mixed Type - II.

How the guideline value of Anna Main Road has changed

The guideline value for Anna Main Road has seen several revisions over the years. The earliest recorded revision was in 2007, with a value of Rs 3,020 per sq.ft. This increased significantly to Rs 7,000 per sq.ft in 2012, marking a rise of 132%. However, the value then decreased to Rs 4,690 per sq.ft in 2017, a decline of 33%. From 2017 to 2023, the value surged to Rs 7,000 per sq.ft, reflecting a substantial increase of 49%. The most recent revision in 2024 set the guideline value at Rs 7,700 per sq.ft, an increase of 10% from the previous year.

It is important to note that there are no figures for the revisions in 2002 and 2003 for Anna Main Road. Overall, from 2007 to 2024, the guideline value has increased by 155%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, placing Anna Main Road's 2024 figure above this median.

• Annal Gandhi Street: Rs 3,300 per sq.ft (2024)
• Annamalai Chetty 1st Street: Rs 4,900 per sq.ft (2024)
• Annamalai Chetty 2nd Street: Rs 4,900 per sq.ft (2024)
• Annamalai Chetty 3rd Street: Rs 4,900 per sq.ft (2024)
• Annamalai Nagar 1st Street: Rs 4,900 per sq.ft (2024)
• Annamalai Nagar 2nd Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, leading to a total of Rs 6,93,000 for both fees. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Main Road?

The Anna Main Road is covered by the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is documented at a value that reflects the current market conditions as per the government’s records.

Frequently asked questions

What is the current guideline value of Anna Main Road?

The current guideline value of Anna Main Road is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,020 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 155% over the years.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Anna Main Road is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Ashok Nagar Sub Registrar Office located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

What is the median guideline value in Kodambakkam?

The median guideline value in Kodambakkam is Rs 4,900 per sq.ft, with Anna Main Road's 2024 guideline value being above this median.