Guideline Value for Anna Nagar 2nd Street

Anna Nagar 2nd Street guideline value

The current guideline value of Anna Nagar 2nd Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Valarpuram village under the Sriperumpudur SRO, classified as Residential Class II Type - I.

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

The guideline value for Anna Nagar 2nd Street has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged through the 2017 revision. However, in 2017, the value was adjusted to Rs 201 per sq.ft, representing a decrease of 33%. The subsequent revisions in 2023 and 2024 maintained the value at Rs 300 per sq.ft, resulting in a 49% increase from 2017 to 2023, but no change from 2023 to 2024.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 300 per sq.ft.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 100 to Rs 2,025 per sq.ft. The median value is Rs 300 per sq.ft, which is the same as the guideline value for Anna Nagar 2nd Street.

• Anna Nagar 3rd Street: Rs 300 per sq.ft (2024)
• Anna Nagar 1st Street: Rs 300 per sq.ft (2024)
• Anna Nagar 4th Street: Rs 300 per sq.ft (2024)
• Arakkonam Main Road: Rs 700 per sq.ft (2024)
• Arul Avenue Phase III: Rs 400 per sq.ft (2024)
• Ashok Nagar: Rs 200 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 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total cost Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Anna Nagar 2nd Street?

The Sub Registrar Office covering Anna Nagar 2nd Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Valarpuram. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers and sellers should ensure they are informed about the current 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 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has fluctuated, with a notable decrease in 2017 to Rs 201 per sq.ft, followed by a return to Rs 300 per sq.ft in 2023 and 2024.

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

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

Where can I find the Sub Registrar Office for Anna Nagar 2nd Street?

The Sub Registrar Office for Anna Nagar 2nd Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at 7%.