Guideline Value for Anna Nagar Main Street Road

Anna Nagar Main Street Road guideline value

The current guideline value of Anna Nagar Main Street Road is Rs 1,700 per sq.ft, effective from 1 July 2024. This road is located in Kottivakkam village and falls under the Adayar SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of Anna Nagar Main Street Road has changed

The guideline value for Anna Nagar Main Street Road has seen several revisions over the years. The earliest recorded figure is from 2002, when the guideline value was Rs 192 per sq.ft. This increased to Rs 250 per sq.ft in 2003, marking a 30% rise. The value continued to grow significantly, reaching Rs 1,000 per sq.ft in 2007, which was a 300% increase from the previous figure. In 2012, the value adjusted to Rs 1,500 per sq.ft, reflecting a decrease of 33% from 2007. The 2017 revision brought the value back up to Rs 1,005 per sq.ft, and then it increased to Rs 1,500 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 1,700 per sq.ft, which is a 13% increase from 2023.

Overall, from 2002 to 2024, the guideline value has increased by 785%. There are no figures available for the revisions in years not listed in the register.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, placing Anna Nagar Main Street Road's 2024 figure below that median.

• Anna Street: Rs 3,900 per sq.ft (2024)
• Anna Lakshmi Nagar: Rs 3,300 per sq.ft (2024)
• Annai Sathiya Street: Rs 1,700 per sq.ft (2024)
• A G S Colony Main Road: Rs 3,900 per sq.ft (2024)
• A G S Colony 4th Cross Street: Rs 3,900 per sq.ft (2024)
• A G S Colony 3rd Street: Rs 3,900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000. Together, the total cost for stamp duty and registration fee would be Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Nagar Main Street Road?

The Adayar Sub Registrar Office covers Anna Nagar Main Street Road. The office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, in the Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kottivakkam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the state receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Anna Nagar Main Street Road is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 192 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, marking an overall increase of 785% over the years.

What is the stamp duty rate for properties in Anna Nagar Main Street Road?

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

Where can I find the registration office for Anna Nagar Main Street Road?

The registration office for Anna Nagar Main Street Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for Anna Nagar Main Street Road?

Anna Nagar Main Street Road is classified as Residential Class V Type - III, indicating its use for residential purposes.