Guideline Value for Anna Nagar Burma Colony (Ward-19)

Anna Nagar Burma Colony (Ward-19) guideline value

The current guideline value of Anna Nagar Burma Colony (Ward-19) is Rs 1,600 per sq.ft, effective from 1 July 2024. This area falls under Madhavaram village and is classified as Residential Class II Type - I. The guideline value is determined by the Madhavaram Sub Registrar Office (SRO).

How the guideline value of Anna Nagar Burma Colony (Ward-19) has changed

The guideline value for Anna Nagar Burma Colony has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,500 per sq.ft in 2023 and further rose to Rs 1,600 per sq.ft in the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a modest increase of 7% in the guideline value.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value is Rs 1,600 per sq.ft, which is the same as the guideline value for Anna Nagar Burma Colony (Ward-19).

• Anna Nagar (Ward-19): Rs 1,600 per sq.ft (2024)
• Annapoorana Nagar (Ward-23): Rs 1,600 per sq.ft (2024)
• Annapoorani Annex II: Rs 1,600 per sq.ft (2024)
• Annapoorani Nagar / Annapoorna Nagar: Rs 1,600 per sq.ft (2024)
• Annapoorani Nagar Annexe / extension: Rs 1,600 per sq.ft (2024)
• Annapoorani Nagar, Ponniammanmedu (Ward-23): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar Burma Colony (Ward-19)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total cost to Rs 1,44,000. It is important to note that the 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 information.

Which Sub Registrar Office covers Anna Nagar Burma Colony (Ward-19)?

The Sub Registrar Office that covers Anna Nagar Burma Colony (Ward-19) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Madhavaram. It serves as the basis for calculating stamp duty and registration fees when buying or selling property. This ensures that the transaction is recorded at a value that reflects the official rates set by the government.

When you register a property, the guideline value helps determine the minimum amount at which the property can be sold. This regulation is in place to maintain transparency and fairness in property transactions, ensuring that all parties are aware of the official valuation.

Frequently asked questions

What is the current guideline value of Anna Nagar Burma Colony?

The current guideline value of Anna Nagar Burma Colony (Ward-19) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification for Anna Nagar Burma Colony?

Anna Nagar Burma Colony is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for properties in the area.

How is stamp duty calculated in Anna Nagar Burma Colony?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 at a rate of 7%.