Guideline Value for Anna Nagar 1st Street

Anna Nagar 1st Street guideline value

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

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

The guideline value for Anna Nagar 1st Street has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, there was a significant drop to Rs 804 per sq.ft in 2017. Following this, the value rose to Rs 1,200 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 1,300 per sq.ft. The changes between these revisions are as follows: from 2007 to 2012, there was a +100% increase; from 2012 to 2017, a -33% decrease; from 2017 to 2023, a +49% increase; and finally, from 2023 to 2024, an +8% increase.

The register does not contain figures for Anna Nagar 1st Street for the years 2002 and 2003.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1384 streets under the Royapuram SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, indicating that Anna Nagar 1st Street's 2024 figure is below this median.

• Anna Nagar 15th Street: Rs 1,300 per sq.ft (2024)
• Anna Nagar 14th Street: Rs 1,300 per sq.ft (2024)
• Anna Nagar 13th Street: Rs 1,300 per sq.ft (2024)
• Anna Nagar 12th Street: Rs 1,300 per sq.ft (2024)
• Anna Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Anna Nagar 11th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar 1st 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, making the total cost for these fees 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Nagar 1st Street?

The Sub Registrar Office that covers Anna Nagar 1st Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

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

The current guideline value of Anna Nagar 1st 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, marking an overall increase of 117% over the years.

What is the land classification for Anna Nagar 1st Street?

Anna Nagar 1st Street is classified as Residential Class II Type - I.

What are the other streets with the same guideline value in Tondaiarpet?

Other streets in Tondaiarpet with the same guideline value of Rs 1,300 per sq.ft include Anna Nagar 15th Street, Anna Nagar 14th Street, Anna Nagar 13th Street, Anna Nagar 12th Street, Anna Nagar 2nd Street, and Anna Nagar 11th Street.

Where can I find the Sub Registrar Office for Anna Nagar 1st Street?

The Sub Registrar Office for Anna Nagar 1st Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.