Guideline Value for Anna Nagar 10th Street

Anna Nagar 10th Street guideline value

The current guideline value of Anna Nagar 10th Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Anna Nagar 10th Street has changed

The guideline value for Anna Nagar 10th Street has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a significant rise of 100%. However, it then decreased to Rs 804 per sq.ft in 2017, a drop of 33%. The value increased again to Rs 1,200 per sq.ft in 2023, before reaching the current rate of Rs 1,300 per sq.ft in 2024, reflecting an 8% increase.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 117%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Anna Nagar 10th Street is below this median.

• Anna Nagar 11th Street: Rs 1,300 per sq.ft (2024)
• Anna Nagar 12th Street: Rs 1,300 per sq.ft (2024)
• Anna Nagar 13th Street: Rs 1,300 per sq.ft (2024)
• Anna Nagar 14th Street: Rs 1,300 per sq.ft (2024)
• Anna Nagar 15th Street: Rs 1,300 per sq.ft (2024)
• Anna Nagar 1st Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. 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 more details.

Which Sub Registrar Office covers Anna Nagar 10th Street?

The Anna Nagar 10th Street is covered by the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling a property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with property transactions. Buyers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Anna Nagar 10th Street?

The current guideline value of Anna Nagar 10th Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, showing an overall increase of 117% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Where can I find the Sub Registrar Office for Anna Nagar 10th Street?

The Sub Registrar Office for Anna Nagar 10th Street is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

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

The guideline value is used as a benchmark for registering property transactions, ensuring that properties are registered at a fair value and helping in the calculation of stamp duty and registration fees.