Guideline Value for Anna Nagar V,VI,VII,VII,VIII & IX Cross Street

Anna Nagar V,VI,VII,VII,VIII & IX Cross Street guideline value

The current guideline value of Anna Nagar V,VI,VII,VII,VIII & IX Cross Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Mamallapuram village, under the Thirukazhukundram SRO, and is classified as Residential Class V Type - I.

How the guideline value of Anna Nagar V,VI,VII,VII,VIII & IX Cross Street has changed

The guideline value for Anna Nagar V,VI,VII,VII,VIII & IX Cross Street has seen several revisions over the years. In 2012, the value was Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 500 per sq.ft, representing a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 figure to the 2024 figure shows an increase of 10%.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO with a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft. The median value is Rs 935 per sq.ft, indicating that the guideline value for Anna Nagar V,VI,VII,VII,VIII & IX Cross Street is below this median.

• Anna Nagar Mail Road: Rs 935 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 V,VI,VII,VII,VIII & IX Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total charges together Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Nagar V,VI,VII,VII,VIII & IX Cross Street?

The Sub Registrar Office that covers Anna Nagar V,VI,VII,VII,VIII & IX Cross Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mamallapuram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Anna Nagar V,VI,VII,VII,VIII & IX Cross Street?

The current guideline value of Anna Nagar V,VI,VII,VII,VIII & IX Cross Street 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 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for this street?

Anna Nagar V,VI,VII,VII,VIII & IX Cross Street is classified as Residential Class V Type - I.

Where can I find the registration office for this area?

The Thirukazhukundram Sub Registrar Office covers Anna Nagar V,VI,VII,VII,VIII & IX Cross Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 5,50,000, the stamp duty would be 7% of that amount.