Guideline Value for Anna Nagar (ward 6)

Anna Nagar (ward 6) guideline value

The current guideline value of Anna Nagar (ward 6) is Rs 1,210 per sq.ft, effective from 1 July 2024. This area is located in Thandalam village and falls under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Anna Nagar (ward 6) has changed

The guideline value for Anna Nagar (ward 6) has seen significant changes over the years. In the 2017 revision, the value was Rs 737 per sq.ft, which increased to Rs 1,100 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision reflects a further increase to Rs 1,210 per sq.ft, a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thandalam

Thandalam village has 56 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 1,210 per sq.ft, which is equal to the current figure for Anna Nagar (ward 6).

• Anna Nagar (ward 5): Rs 1,210 per sq.ft (2024)
• Annai Theresa Nagar: Rs 990 per sq.ft (2024)
• Anugraha Avenue: Rs 1,210 per sq.ft (2024)
• Anugraha Avenue Extn: Rs 1,210 per sq.ft (2024)
• Amman Koil Street: Rs 1,210 per sq.ft (2024)
• Ambal Nagar ManiMedu: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar (ward 6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, totaling Rs 1,08,900. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Nagar (ward 6)?

The Sub Registrar Office that covers Anna Nagar (ward 6) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Thandalam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is registered, the higher of the guideline value and the sale price is taken into account for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anna Nagar (ward 6)?

The current guideline value of Anna Nagar (ward 6) is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 1,210 per sq.ft in 2024, representing an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Anna Nagar (ward 6)?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 84,700, and the registration fee would be Rs 24,200, totaling Rs 1,08,900.

Which office handles property registrations in Anna Nagar (ward 6)?

The Pammal Sub Registrar Office handles property registrations in Anna Nagar (ward 6), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value during property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is the higher of the guideline value and the sale price that is considered for calculating these charges.