Guideline Value for Anna Nagar 8th Street

Anna Nagar 8th Street guideline value

The current guideline value of Anna Nagar 8th 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 8th Street has changed

The guideline value for Anna Nagar 8th 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% increase. However, in 2017, the value dropped to Rs 804 per sq.ft, a decrease of 33%. The value then rose significantly to Rs 1,200 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 1,300 per sq.ft, an increase of 8%.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 117%.

Guideline values in Tondaiarpet

In Tondaiarpet, 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 8th Street is below this median.

• Anna Nagar 7th Street: Rs 1,300 per sq.ft (2024)
• Anna Nagar 9th Street: Rs 1,300 per sq.ft (2024)
• Anna Nagar 6th 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 8th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value is 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, bringing the total to 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Nagar 8th Street?

The Sub Registrar Office that covers Anna Nagar 8th 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 property transactions in Tondaiarpet. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must be aware of the guideline value to ensure they comply with the regulations set by the Registration Department.

When a property is sold, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This ensures that the registration reflects a fair value based on the current market conditions as assessed by the authorities.

Frequently asked questions

What is the current guideline value of Anna Nagar 8th Street?

The current guideline value of Anna Nagar 8th 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 stamp duty for property in Anna Nagar 8th Street?

The stamp duty for property in Anna Nagar 8th Street is 7% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000.

Which office handles property registration for Anna Nagar 8th Street?

The Royapuram Sub Registrar Office handles property registration for Anna Nagar 8th Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the land classification for Anna Nagar 8th Street?

Anna Nagar 8th Street is classified as Residential Class II Type - I, indicating its designation for residential use within the Tondaiarpet area.