Guideline Value for Anna Nagar 5 th Street

Anna Nagar 5 th Street guideline value

The current guideline value of Anna Nagar 5 th Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Puzhal village, under the Redhills SRO, classified as Residential Class I Type - I.

How the guideline value of Anna Nagar 5 th Street has changed

The guideline value for Anna Nagar 5 th Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 1,005 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, followed by another increase to Rs 1,650 per sq.ft in 2024.

Between the revisions, the changes are notable. The guideline value increased by 10% from 2023 to 2024, while it saw a remarkable 49% increase from 2017 to 2023. The 2012 to 2017 period experienced a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puzhal

Puzhal village has a total of 270 streets under the Redhills SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 1,102 per sq.ft, placing Anna Nagar 5 th Street's 2024 figure above this median.

• Anna Nagar 4 th Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar 3 rd Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar 2 nd Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar 1 st Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Main Road: Rs 1,650 per sq.ft (2024)
• Anna Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar 5 th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Anna Nagar 5 th Street?

The Sub Registrar Office that covers Anna Nagar 5 th Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Puzhal. It serves as a benchmark for determining the minimum value at which properties can be registered. When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, buyers must ensure that the sale price of the property is at least equal to the guideline value. This ensures compliance with legal requirements and helps in the accurate assessment of taxes due at the time of registration.

Frequently asked questions

What is the current guideline value of Anna Nagar 5 th Street?

The current guideline value of Anna Nagar 5 th Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent change being an increase from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024.

What is the land classification of Anna Nagar 5 th Street?

Anna Nagar 5 th Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Where is the Sub Registrar Office for Anna Nagar 5 th Street located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.