Guideline Value for Anna Main Road

Anna Main Road guideline value

The current guideline value of Anna Main Road in Nesapakkam village is Rs 7,150 per sq.ft, effective from 1 July 2024. This area falls under the jurisdiction of the Virugambakkam Sub Registrar Office and is classified as Commercial Special Type - I.

How the guideline value of Anna Main Road has changed

The guideline value for Anna Main Road has undergone several revisions over the years. The earliest recorded value is from 2007, set at Rs 1,650 per sq.ft. This value saw a significant increase of 294% by 2012, where it was revised to Rs 6,500 per sq.ft. However, between 2012 and 2017, the value decreased by 33% to Rs 4,355 per sq.ft. The value then increased by 49% to Rs 6,500 per sq.ft in 2023, followed by a further increase of 10% to the current value of Rs 7,150 per sq.ft in 2024.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 333%.

Guideline values in Nesapakkam

Nesapakkam has a total of 148 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,200 to Rs 7,150 per sq.ft as of 2024. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Anna Main Road's 2024 figure above this median.

• Annai Sathya Nagar 9th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathya Nagar 8th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathya Nagar 7th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathya Nagar 6th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathya Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathya Nagar 4th Street: Rs 2,200 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 7,150 per sq.ft, the total guideline value amounts to Rs 71,50,000. The stamp duty at 7% would be Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, bringing the total cost together to Rs 6,43,500. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Anna Main Road?

The Anna Main Road falls under 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 crucial factor when buying or selling property in Nesapakkam. It is used to determine the stamp duty and registration fees that are applicable during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value serves as a benchmark for the transaction. If the sale price exceeds the guideline value, the stamp duty will be calculated based on the sale price. Conversely, if the sale price is lower, the duty will be based on the guideline value.

Frequently asked questions

What is the current guideline value of Anna Main Road?

The current guideline value of Anna Main Road is Rs 7,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,650 per sq.ft in 2007 to Rs 7,150 per sq.ft in 2024, marking an overall increase of 333%.

What is the registration fee for properties on Anna Main Road?

The registration fee for properties on Anna Main Road is calculated at 2% of the guideline value or sale price, whichever is higher.

Which office handles the registration for Anna Main Road?

The registration for Anna Main Road is handled by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the other streets in Nesapakkam with their guideline values?

Other streets in Nesapakkam include Annai Sathya Nagar 9th Street, 8th Street, 7th Street, 6th Street, 5th Street, and 4th Street, all with a guideline value of Rs 2,200 per sq.ft as of 2024.