Guideline Value for Anna Nagar 7th Street

Anna Nagar 7th Street guideline value

The current guideline value of Anna Nagar 7th 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 7th Street has changed

The guideline value for Anna Nagar 7th Street has undergone several revisions over the years. The earliest available figure is from the 2007 revision, which was Rs 600 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2012 revision, marking a 100% rise. However, in the 2017 revision, it decreased to Rs 804 per sq.ft, reflecting a decline of 33%. The value then saw a significant increase to Rs 1,200 per sq.ft in the 2023 revision, followed by the current rate of Rs 1,300 per sq.ft in the 2024 revision, an increase of 8% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 117%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, which means that the 2024 figure for Anna Nagar 7th Street is below this median.

• Anna Nagar 6th 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 5th 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 7th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees 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.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Anna Nagar 7th Street?

The Sub Registrar Office that covers Anna Nagar 7th Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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 benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions within the area.

Frequently asked questions

What is the current guideline value of Anna Nagar 7th Street?

The current guideline value of Anna Nagar 7th 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 the years.

What is the land classification for Anna Nagar 7th Street?

Anna Nagar 7th Street falls under the Residential Class II Type - I land classification.

What are the stamp duty rates applicable in Anna Nagar 7th Street?

The stamp duty rate for property transactions in Anna Nagar 7th Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Anna Nagar 7th Street located?

The Sub Registrar Office for Anna Nagar 7th Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.