Guideline Value for Anna Nagar East

Anna Nagar East guideline value

The current guideline value for Anna Nagar East is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Pothur village, under the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Anna Nagar East has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the guideline value was Rs 300 per sq.ft. It increased to Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017. The 2023 revision set the value at Rs 500 per sq.ft, and the latest revision in 2024 raised it to Rs 550 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 83%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Pothur

Pothur village features 98 streets under the Redhills SRO, with guideline values ranging from Rs 330 to Rs 2,000 per sq.ft. The median value across these streets is Rs 550 per sq.ft, placing Anna Nagar East's 2024 figure at this median.

• Anna Nagar South: Rs 550 per sq.ft (2024)
• Anna Nagar: Rs 550 per sq.ft (2024)
• Annamalai Nagar: Rs 550 per sq.ft (2024)
• Annai Velankanni Nagar Annex: Rs 550 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 550 per sq.ft (2024)
• Annai Theresa Nagar Extension - II: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar East

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty is charged at 7%, totaling Rs 38,500, and the registration fee at 2% amounts to Rs 11,000. Together, the total fees would be Rs 49,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Anna Nagar East?

The Sub Registrar Office covering Anna Nagar East is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Pothur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When a property is bought or sold, the guideline value helps determine the minimum value on which these fees are calculated. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for Anna Nagar East?

The current guideline value for Anna Nagar East is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 83% over this period.

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

Other streets in Pothur with the same guideline value of Rs 550 per sq.ft include Anna Nagar South, Anna Nagar, Annamalai Nagar, Annai Velankanni Nagar Annex, Annai Velankanni Nagar, and Annai Theresa Nagar Extension - II.

What is the registration office for Anna Nagar East?

The registration office for Anna Nagar East is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Anna Nagar East?

Stamp duty for properties in Anna Nagar East is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 5,50,000 incurs a stamp duty of Rs 38,500 at 7%.