Guideline Value for Anna Nagar 2 nd Street

Anna Nagar 2 nd Street guideline value

The current guideline value of Anna Nagar 2 nd Street, located in Puzhal village under the Redhills SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Anna Nagar 2 nd Street has changed

Looking at the revisions, the guideline value for Anna Nagar 2 nd Street was Rs 1,500 per sq.ft in 2023, which increased to Rs 1,650 per sq.ft in the 2024 revision, marking a change of +10%. Prior to that, in 2017, the value was Rs 1,005 per sq.ft, reflecting a significant increase of +49% to the 2023 figure. The 2012 revision also recorded a value of Rs 1,500 per sq.ft, which shows a decrease of -33% when compared to the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +10%.

The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 1,102 per sq.ft, indicating that Anna Nagar 2 nd Street's 2024 guideline value is above this median.

• Anna Nagar 3 rd Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar 1 st Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar 4 th Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar 5 th Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar: Rs 1,650 per sq.ft (2024)
• Anna Memorial Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar 2 nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, resulting in a total of Rs 1,48,500. 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 details.

Which Sub Registrar Office covers Anna Nagar 2 nd Street?

The Sub Registrar Office that covers Anna Nagar 2 nd Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Puzhal. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential for both buyers and sellers to be aware of the current guideline value to make informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Anna Nagar 2 nd Street?

The current guideline value of Anna Nagar 2 nd Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, a change of +10%. It was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012, showing a significant increase over the years.

What is the land classification for Anna Nagar 2 nd Street?

Anna Nagar 2 nd Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Anna Nagar 2 nd Street?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for Anna Nagar 2 nd Street?

The Redhills Sub Registrar Office handles registrations for Anna Nagar 2 nd Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.