Guideline Value for Anna Nagar Main Road

Anna Nagar Main Road guideline value

The current guideline value of Anna Nagar Main Road in Madambakkam village is Rs 1,600 per sq.ft, effective from 1 July 2024. This property falls under the Selaiyur SRO and is classified as Residential Class II Type - I.

How the guideline value of Anna Nagar Main Road has changed

The guideline value for Anna Nagar Main Road has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in 2017. The most recent revision in 2024 has increased the value to Rs 1,600 per sq.ft, marking a significant increase of 59% from the 2017 figure. Overall, from 2012 to 2024, there has been a marginal increase of 7%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 for Anna Nagar Main Road.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value of Anna Nagar Main Road is below this median.

• Anna Nagar 3rd Street: Rs 1,600 per sq.ft (2024)
• Anna Nagar 2nd Street: Rs 1,600 per sq.ft (2024)
• Anna Street: Rs 1,600 per sq.ft (2024)
• Anna Nagar 1st Street: Rs 1,600 per sq.ft (2024)
• Anna Street Extension: Rs 1,600 per sq.ft (2024)
• Anna Nagar: Rs 1,600 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 rate of Rs 1,600 per sq.ft, the guideline value totals 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 for these fees to Rs 1,44,000. Please note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Nagar Main Road?

The Sub Registrar Office that covers Anna Nagar Main Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical component in property transactions in Madambakkam. It serves as a benchmark for determining the minimum price at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the sale process.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees. This ensures that all transactions are fairly assessed 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 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen fluctuations, starting at Rs 1,500 per sq.ft in 2012, dropping to Rs 1,005 per sq.ft in 2017, and finally rising to Rs 1,600 per sq.ft in 2024.

What is the land classification of Anna Nagar Main Road?

Anna Nagar Main Road is classified as Residential Class II Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for properties in Anna Nagar Main Road?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.