Guideline Value for Anna Nagar 4th Street

Anna Nagar 4th Street guideline value

The current guideline value of Anna Nagar 4th Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the jurisdiction of the Royapuram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Anna Nagar 4th Street has changed

The guideline value for Anna Nagar 4th Street has seen several revisions over the years. In 2007, the value was set at Rs 600 per sq.ft. This increased to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, in 2017, the value decreased to Rs 804 per sq.ft, reflecting a 33% drop. The value then rose significantly to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,300 per sq.ft as per the 2024 revision, which is an 8% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the increase is 117%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

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 4th Street's 2024 figure below this median.

• Anna Nagar 5th Street: Rs 1,300 per sq.ft (2024)
• Anna Nagar 3rd Street: Rs 1,300 per sq.ft (2024)
• Anna Nagar 6th Street: Rs 1,300 per sq.ft (2024)
• Anna Nagar 7th Street: Rs 1,300 per sq.ft (2024)
• Anna Nagar 8th Street: Rs 1,300 per sq.ft (2024)
• Anna Nagar 2nd Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total 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 higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Anna Nagar 4th Street?

The Sub Registrar Office that covers Anna Nagar 4th Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. For more information, you can find your SRO.

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 a property is sold or purchased, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these charges are based on a standardized valuation.

Frequently asked questions

What is the current guideline value of Anna Nagar 4th Street?

The current guideline value of Anna Nagar 4th 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, reflecting an overall increase of 117% over this period.

What are the stamp duty and registration fees for property in Anna Nagar 4th 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 office handles registrations for Anna Nagar 4th Street?

The Royapuram Sub Registrar Office handles registrations for Anna Nagar 4th Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the significance of guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as a standardized valuation set by the government to ensure fair charging of these fees.