Guideline Value for Anna Nagar 5th Street

Anna Nagar 5th Street guideline value

The current guideline value of Anna Nagar 5th Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO and falls under the Residential Class II Type - I land classification.

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

The guideline value for Anna Nagar 5th Street has seen several revisions over the years. In the 2007 revision, the value was Rs 600 per sq.ft. This increased to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, in the 2017 revision, the value dropped to Rs 804 per sq.ft, reflecting a decrease of 33%. The value then increased significantly to Rs 1,200 per sq.ft in 2023, followed by a further increase to Rs 1,300 per sq.ft in the 2024 revision, which is an 8% rise from the previous year.

Notably, the register has no figures for Anna Nagar 5th 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, with a median value of Rs 1,600 per sq.ft. The guideline value of Anna Nagar 5th Street is below this median.

• Anna Nagar 6th Street: Rs 1,300 per sq.ft (2024)
• Anna Nagar 4th 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 9th Street: Rs 1,300 per sq.ft (2024)
• Anna Nagar 3rd Street: Rs 1,300 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 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, while the registration fee at 2% would be Rs 26,000. Together, these would total Rs 1,17,000. 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 more information.

Which Sub Registrar Office covers Anna Nagar 5th Street?

The Anna Nagar 5th Street falls under the jurisdiction of the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tondaiarpet. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the higher value between the guideline value and the sale price is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

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 1,300 per sq.ft, effective from 1 July 2024.

How much 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, representing an overall increase of 117%.

What are the other streets in Tondaiarpet with the same guideline value?

Other streets in Tondaiarpet, such as Anna Nagar 6th, 4th, 7th, 8th, 9th, and 3rd Streets, also have a guideline value of Rs 1,300 per sq.ft for 2024.

What fees are associated with buying property in Anna Nagar 5th Street?

When purchasing property, you will need to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Anna Nagar 5th Street?

The Sub Registrar Office covering Anna Nagar 5th Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.