Guideline Value for Anna Nagar West Extn

Anna Nagar West Extn guideline value

The current guideline value of Anna Nagar West Extn is Rs 7,100 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area is located in Mugappair village and falls under the Konnur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Anna Nagar West Extn has changed

The guideline value for Anna Nagar West Extn has seen several revisions over the years. The 2007 revision set the value at Rs 2,000 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2012, marking a 225% rise. However, this value dropped by 33% to Rs 4,355 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 6,500 per sq.ft, and the most recent revision in 2024 raised it further to Rs 7,100 per sq.ft, reflecting a 9% 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. Overall, from 2007 to 2024, the guideline value has increased by 255%.

Guideline values in Mugappair

Mugappair village has a total of 224 streets under the Konnur SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 7,100 per sq.ft, which is equal to the current value of Anna Nagar West Extn.

• Annanagar West end Colony: Rs 7,100 per sq.ft (2024)
• Annanagar Extension 7th Sector: Rs 7,100 per sq.ft (2024)
• Anna Street: Rs 3,800 per sq.ft (2024)
• Appu Flats: Rs 7,100 per sq.ft (2024)
• Angamuthu Nagar 1st, 2nd and 3rd Street: Rs 3,800 per sq.ft (2024)
• Asirvatham Nagar: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar West Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total cost for these fees to Rs 6,39,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Anna Nagar West Extn?

The Anna Nagar West Extn area is covered by the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration process of property transactions in Mugappair. It serves as the basis for calculating the stamp duty and registration fees that are applicable when buying or selling property.

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 government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anna Nagar West Extn?

The current guideline value of Anna Nagar West Extn is Rs 7,100 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 2,000 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, with various revisions in between.

What is the stamp duty rate for property in Anna Nagar West Extn?

The stamp duty rate for property transactions in Anna Nagar West Extn is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Konnur Sub Registrar Office?

The Konnur Sub Registrar Office is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. The higher amount between the guideline value and the sale price is applied for calculating these fees.