Guideline Value for Anna Nagar 6th Street

Anna Nagar 6th Street guideline value

The current guideline value of Anna Nagar 6th Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class II Type - I.

How the guideline value of Anna Nagar 6th Street has changed

The guideline value for Anna Nagar 6th Street has seen several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, the value then decreased to Rs 804 per sq.ft in 2017, a drop of 33%. The following revision in 2023 raised the value to Rs 1,200 per sq.ft, and the most recent revision in 2024 has increased it to Rs 1,300 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 revision, 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 6th Street is below this median.

• Anna Nagar 7th Street: Rs 1,300 per sq.ft (2024)
• Anna Nagar 5th 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 4th 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 6th 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, totaling Rs 1,17,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Nagar 6th Street?

The Anna Nagar 6th Street falls under 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 critical factor when registering property transactions in Tondaiarpet. It serves as a basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value will determine the minimum value at which the property can be registered. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can influence the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Anna Nagar 6th Street?

The current guideline value of Anna Nagar 6th 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, marking a total increase of 117% over the years.

What is the land classification for Anna Nagar 6th Street?

Anna Nagar 6th Street is classified as Residential Class II Type - I.

Where can I find the Royapuram Sub Registrar Office?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is stamp duty calculated for properties in Anna Nagar 6th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000.