Guideline Value for Anna Nagar Mail Road

Anna Nagar Mail Road guideline value

The current guideline value of Anna Nagar Mail Road is Rs 935 per sq.ft, effective from 1 July 2024. This road is located in Mamallapuram village and falls under the Thirukazhukundram SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Anna Nagar Mail Road has changed

The guideline value for Anna Nagar Mail Road has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 850 per sq.ft in 2023, marking a 111% rise from the 2017 figure. The most recent revision in 2024 saw another increase to Rs 935 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 56%.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 1,650 per sq.ft. The median value for these streets is Rs 935 per sq.ft, which matches the guideline value of Anna Nagar Mail Road.

• Anna Nagar V,VI,VII,VII,VIII & IX Cross Street: Rs 550 per sq.ft (2024)
• Anna Nagar 4th Cross Street: Rs 550 per sq.ft (2024)
• Anna Nagar 3rd Cross Street: Rs 550 per sq.ft (2024)
• Anna Nagar 2nd Cross Street: Rs 550 per sq.ft (2024)
• Anna Nagar 1st Cross Street: Rs 550 per sq.ft (2024)
• Annal Gandhi Street: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar Mail Road

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, while the registration fee at 2% would be Rs 18,700, bringing the total fees together to Rs 84,150. It is essential to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Nagar Mail Road?

The Anna Nagar Mail Road falls under the jurisdiction of the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration process of property transactions in Mamallapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Anna Nagar Mail Road?

The current guideline value of Anna Nagar Mail Road is Rs 935 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 2012 to Rs 935 per sq.ft in 2024, with significant increases between revisions, particularly from 2017 to 2023 and 2023 to 2024.

What is the stamp duty for property in Anna Nagar Mail Road?

The stamp duty for property in Anna Nagar Mail Road is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would amount to Rs 65,450 at the current guideline value.

Which Sub Registrar Office covers this area?

The Thirukazhukundram Sub Registrar Office covers Anna Nagar Mail Road, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value of a property, which influences the stamp duty and registration fees. It ensures transparency in property transactions by providing a standard value reference.