Guideline Value for Anna Nagar 5th Street

Anna Nagar 5th Street guideline value

The current guideline value of Anna Nagar 5th Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO and falls under the Residential Class I Type - I land classification.

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

The guideline value for Anna Nagar 5th Street has undergone several revisions over the years. In the 2003 revision, the value was Rs 216 per sq.ft, which increased to Rs 425 per sq.ft in 2007, marking a change of +97%. The value further rose significantly to Rs 1,206 per sq.ft in 2017, reflecting an increase of +184%. The 2023 revision set the value at Rs 1,800 per sq.ft, which was a +49% change from the previous revision.

The most recent revision in 2024 has established the guideline value at Rs 1,980 per sq.ft, showing a +10% increase from 2023. It is important to note that the register has no figures for the years 2002 and 2012 for this street.

Guideline values in Anakaputhur

Anakaputhur village has a total of 501 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft as per the 2024 revision. The median guideline value for these streets is Rs 1,980 per sq.ft, which is the same as the current value for Anna Nagar 5th Street.

• Anna Nagar 6th Street: Rs 1,980 per sq.ft (2024)
• Anna Nagar 4th Street: Rs 1,980 per sq.ft (2024)
• Anna Nagar 4th Main Road: Rs 1,980 per sq.ft (2024)
• Anna Nagar 7th Street: Rs 1,980 per sq.ft (2024)
• Anna Nagar 8th Street: Rs 1,980 per sq.ft (2024)
• Anna Nagar 9th Cross Street: Rs 1,980 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. 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 5th Street?

The Sub Registrar Office that covers Anna Nagar 5th Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Anakaputhur

The guideline value is a crucial factor in the registration process when buying or selling property in Anakaputhur. 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 based on this value.

When a property is sold, the sale price must be at least equal to the guideline value to avoid discrepancies. This ensures transparency in property transactions and helps in the accurate collection of taxes by the authorities.

Frequently asked questions

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

The current guideline value of Anna Nagar 5th Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 216 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of +817% over the years.

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

Anna Nagar 5th Street falls under the Residential Class I Type - I land classification.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Anna Nagar 5th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 19,80,000 would incur a stamp duty of Rs 1,38,600.