Guideline Value for Anna Nagar 2nd Street

Anna Nagar 2nd Street guideline value

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

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

Over the years, the guideline value of Anna Nagar 2nd Street has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 600 per sq.ft. This increased to Rs 1,200 per sq.ft in 2012, marking a significant rise of 100%. However, by 2017, the value dropped to Rs 804 per sq.ft, reflecting a decrease of 33%. The value then rose sharply to Rs 1,200 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 1,300 per sq.ft, which is an increase of 8% from the previous year.

It is important to note that the register has no figures for Anna Nagar 2nd Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 117%.

Guideline values in Tondaiarpet

In Tondaiarpet village, there are 1,384 streets under the Royapuram SRO that carry 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, placing Anna Nagar 2nd Street's 2024 figure below that median.

• Anna Nagar 3rd Street: Rs 1,300 per sq.ft (2024)
• Anna Nagar 1st Street: Rs 1,300 per sq.ft (2024)
• Anna Nagar 4th Street: Rs 1,300 per sq.ft (2024)
• 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)

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

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the 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, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. 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 that covers Anna Nagar 2nd 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 plays a crucial role during the registration of property transactions in Tondaiarpet. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial aspects of property transactions. This ensures transparency and consistency in 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 1,300 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, showing an overall increase of 117% over the years.

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

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

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

The Royapuram Sub Registrar Office is responsible for Anna Nagar 2nd Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

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

Anna Nagar 2nd Street is classified as Residential Class II Type - I, indicating its designation for residential use.