Guideline Value for Anna Nagar 2nd Cross Street

Anna Nagar 2nd Cross Street guideline value

The current guideline value of Anna Nagar 2nd 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. The land classification for this area is Residential Class V Type - I.

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

The guideline value for Anna Nagar 2nd Cross Street has seen several revisions over the years. In 2012, the guideline value was Rs 500 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 335 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the guideline value increased significantly to Rs 500 per sq.ft, representing a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 550 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Anna Nagar 2nd Cross Street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO that have 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 2nd Cross Street is below this median.

• Anna Nagar 1st 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 2nd Cross Street

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

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

Which Sub Registrar Office covers Anna Nagar 2nd Cross Street?

The Sub Registrar Office that covers Anna Nagar 2nd Cross Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mamallapuram. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is essential for calculating the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to compute the applicable duties and fees. This ensures that the government receives the correct revenue from property transactions based on established values.

Frequently asked questions

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

The current guideline value of Anna Nagar 2nd 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 is the land classification for Anna Nagar 2nd Cross Street?

Anna Nagar 2nd Cross Street is classified as Residential Class V Type - I.

Where can I find the registration office for Anna Nagar 2nd Cross Street?

The registration office for Anna Nagar 2nd Cross Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is stamp duty calculated for properties in Anna Nagar 2nd Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at 7%.