Guideline Value for Anna Nagar (Ward-19)

Anna Nagar (Ward-19) guideline value

The current guideline value of Anna Nagar (Ward-19) is Rs 1,600 per sq.ft, effective from 1 July 2024. This area falls under Madhavaram village, governed by the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Anna Nagar (Ward-19) has changed

Over the years, the guideline value of Anna Nagar (Ward-19) has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the current 2024 revision has raised it to Rs 1,600 per sq.ft.

In terms of percentage changes, the guideline value increased by 7% from 2023 to 2024. The change from 2017 to 2023 reflects a significant rise of 49%, while the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, there has been a net increase of 7%.

Guideline values in Madhavaram

In Madhavaram village, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, which is equal to the current guideline value of Anna Nagar (Ward-19).

• Annapoorana Nagar (Ward-23): Rs 1,600 per sq.ft (2024)
• Annapoorani Annex II: Rs 1,600 per sq.ft (2024)
• Annapoorani Nagar / Annapoorna Nagar: Rs 1,600 per sq.ft (2024)
• Annapoorani Nagar Annexe / extension: Rs 1,600 per sq.ft (2024)
• Annapoorani Nagar , Ponniammanmedu (Ward-23): Rs 1,600 per sq.ft (2024)
• Annapoorna Nagar Extension: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar (Ward-19)

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Nagar (Ward-19)?

The Sub Registrar Office that covers Anna Nagar (Ward-19) is located at Madhavaram Sub Registrar Office, No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When a buyer or seller engages in a transaction, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements during the property transfer process.

Frequently asked questions

What is the current guideline value of Anna Nagar (Ward-19)?

The current guideline value of Anna Nagar (Ward-19) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024. The value was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012.

What is the land classification of Anna Nagar (Ward-19)?

Anna Nagar (Ward-19) is classified as Residential Class II Type - I, indicating its designation for residential purposes within the area.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles property registrations in the area.

How is the stamp duty calculated for properties in Anna Nagar (Ward-19)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 at a rate of 7%.