Guideline Value for Anna Nagar 1st Cross Street

Anna Nagar 1st Cross Street guideline value

The current guideline value of Anna Nagar 1st Cross Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Mamallapuram village and falls under the Thirukazhukundram SRO, classified as Residential Class V Type - I.

How the guideline value of Anna Nagar 1st Cross Street has changed

The guideline value for Anna Nagar 1st Cross Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 500 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft, marking a decline of 33%. However, the value saw a significant increase in the following revisions, reaching Rs 500 per sq.ft in 2023, and then rising to Rs 550 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back to Rs 500 per sq.ft. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value for Anna Nagar 1st Cross Street is below this median.

• Anna Nagar 2nd Cross Street: Rs 550 per sq.ft (2024)
• Anna Nagar 3rd Cross Street: Rs 550 per sq.ft (2024)
• Anna Nagar 4th Cross Street: Rs 550 per sq.ft (2024)
• Anna Nagar Mail Road: Rs 935 per sq.ft (2024)
• Anna Nagar V,VI,VII,VII,VIII & IX Cross Street: Rs 550 per sq.ft (2024)
• Annal Gandhi Street: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, while the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. 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 information.

Which Sub Registrar Office covers Anna Nagar 1st Cross Street?

The Sub Registrar Office that covers Anna Nagar 1st Cross Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Mamallapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Anna Nagar 1st Cross Street?

The current guideline value of Anna Nagar 1st Cross Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Anna Nagar 1st Cross Street?

For a 1,000 sq.ft plot valued at Rs 550 per sq.ft, the guideline value is Rs 5,50,000. The stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which Sub Registrar Office covers Anna Nagar 1st Cross Street?

The Thirukazhukundram Sub Registrar Office covers Anna Nagar 1st Cross Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used as a benchmark for registering property transactions, determining the minimum value for registration. It is also essential for calculating the applicable stamp duty and registration fees based on the higher of the guideline value or the sale price.