Guideline Value for Anna Nagar -II

Anna Nagar -II guideline value

The current guideline value of Anna Nagar -II is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Sethupattu village and falls under the Sriperumpudur SRO. The land classification for this street is Commercial Class I Type - II.

How the guideline value of Anna Nagar -II has changed

The guideline value of Anna Nagar -II has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 400 per sq.ft. This remained unchanged in the 2017 revision, where the value was Rs 268 per sq.ft, indicating a decrease of 33%. The 2023 revision also maintained the value at Rs 400 per sq.ft, and the same value was carried into the 2024 revision, showing no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 400 per sq.ft.

Guideline values in Sethupattu

Sethupattu village has 23 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Anna Nagar -II above this median.

• Ambani Nagar: Rs 200 per sq.ft (2024)
• Bungalow street: Rs 300 per sq.ft (2024)
• Dr.Abdul kalam nagar: Rs 200 per sq.ft (2024)
• Green City: Rs 1,500 per sq.ft (2024)
• Highway Avenue: Rs 200 per sq.ft (2024)
• Mahalakshmi Nagar (Phase-I) (EDEN GARDEN): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar -II

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Anna Nagar -II?

The Sub Registrar Office that covers Anna Nagar -II is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sethupattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is legally documented and that the government receives its due revenue. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Anna Nagar -II?

The current guideline value of Anna Nagar -II is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2012 to 2024, with a notable increase of 49% from 2017 to 2023.

What is the land classification for Anna Nagar -II?

Anna Nagar -II is classified as Commercial Class I Type - II.

Where can I find the registration office for Anna Nagar -II?

The registration office for Anna Nagar -II is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property in Anna Nagar -II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000, leading to a stamp duty of Rs 28,000.