Guideline Value for Anna Nagar 2nd Street

Anna Nagar 2nd Street guideline value

The current guideline value of Anna Nagar 2nd Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class II Type - I.

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

In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This figure decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the guideline value increased significantly to Rs 1,600 per sq.ft, representing a growth of 59%. Overall, comparing the 2012 and 2024 revisions, there is a slight increase of 7%.

The register has no figures for the years 2023, 2007, 2003, and 2002 for Anna Nagar 2nd Street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, indicating that Anna Nagar 2nd Street's current figure is below this median.

• Anna Nagar 3rd Street: Rs 1,600 per sq.ft (2024)
• Anna Nagar 1st Street: Rs 1,600 per sq.ft (2024)
• Anna Nagar Main Road: Rs 1,600 per sq.ft (2024)
• Anna Nagar: Rs 1,600 per sq.ft (2024)
• Anna Street: Rs 1,600 per sq.ft (2024)
• Annai Therasa Street: Rs 1,600 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, resulting in a total cost of Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Nagar 2nd Street?

The Sub Registrar Office that covers Anna Nagar 2nd Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, both the buyer and seller must be aware of the guideline value, as it impacts the overall cost of the transaction. It is essential to consider the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Anna Nagar 2nd Street is Rs 1,600 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 2012 to Rs 1,005 per sq.ft in 2017, and then increased to Rs 1,600 per sq.ft in 2024. Overall, from 2012 to 2024, there has been a 7% increase.

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

For a 1,000 sq.ft property at the current guideline value, the total cost would be Rs 1,44,000, which includes stamp duty and registration fees. The stamp duty is charged at 7% and the registration fee at 2%.

Which Sub Registrar Office is responsible for Anna Nagar 2nd Street?

The Selaiyur Sub Registrar Office is responsible for Anna Nagar 2nd Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the median guideline value for streets in Madambakkam?

The median guideline value for streets in Madambakkam is Rs 2,400 per sq.ft. Anna Nagar 2nd Street's current guideline value is below this median.