Guideline Value for Anna Nagar Main Road

Anna Nagar Main Road guideline value

The current guideline value of Anna Nagar Main Road in Hastinapuram village is Rs 2,970 per sq.ft, effective from 1 July 2024. This falls under the Pallavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Anna Nagar Main Road has changed

The guideline value for Anna Nagar Main Road has seen several revisions over the years. In 2007, the value was set at Rs 525 per sq.ft. This increased significantly to Rs 2,700 per sq.ft in 2012, marking a 414% rise. However, from 2012 to 2017, the value decreased to Rs 1,809 per sq.ft, a decline of 33%. The value then rose again to Rs 2,700 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 set the value at Rs 2,970 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft, with a median value of Rs 2,970 per sq.ft. The guideline value for Anna Nagar Main Road matches this median value.

• Anandhanilayam Street(Sundarajarajan St): Rs 2,970 per sq.ft (2024)
• Amman Koil Street Extn.: Rs 1,650 per sq.ft (2024)
• Amman Koil Street: Rs 2,970 per sq.ft (2024)
• A.V.N. Nagar: Rs 1,650 per sq.ft (2024)
• Avvaiyar Street: Rs 2,380 per sq.ft (2024)
• Ambal Nagar: Rs 2,970 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value amounts to Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, bringing the total to Rs 2,67,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Anna Nagar Main Road?

The Anna Nagar Main Road is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Hastinapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration of property sales. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to assess the applicable taxes and fees. This ensures that the transaction is recorded accurately and that the government receives the appropriate revenue from property sales.

Frequently asked questions

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

The current guideline value of Anna Nagar Main Road is Rs 2,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 525 per sq.ft in 2007 to Rs 2,970 per sq.ft in 2024, reflecting an overall increase of 466% over the years.

What is the registration office for Anna Nagar Main Road?

The registration office for Anna Nagar Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Anna Nagar Main Road is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

How many streets in Hastinapuram have a guideline value?

There are 277 streets in Hastinapuram under the Pallavaram SRO that carry a 2024 guideline value.