Guideline Value for Anna Nagar/street/Cross

Anna Nagar/street/Cross guideline value

The current guideline value of Anna Nagar/street/Cross in Kathivakkam village, under the Thiruvottiyur SRO, is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Anna Nagar/street/Cross has changed

The guideline value for Anna Nagar/street/Cross has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased to Rs 800 per sq.ft in 2012, marking a significant rise of 167%. However, from 2012 to 2017, the value decreased to Rs 536 per sq.ft, a drop of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, and it remained steady at Rs 1,001 per sq.ft in 2024, reflecting no change from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 234%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kathivakkam

Kathivakkam village features a range of guideline values across its 47 streets under the Thiruvottiyur SRO. The 2024 figures for these streets range from Rs 1,000 to Rs 1,600 per sq.ft, with the median being Rs 1,001 per sq.ft. Anna Nagar/street/Cross aligns with this median value.

• Amman Koil Lane: Rs 1,000 per sq.ft (2024)
• Ammaiappan Nagar: Rs 1,001 per sq.ft (2024)
• Badrakaliamman Koil: Rs 1,000 per sq.ft (2024)
• Bajanai Koil Street/Cross Street: Rs 1,001 per sq.ft (2024)
• Cauvery Nagar: Rs 1,100 per sq.ft (2024)
• Chinnakuppam: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar/street/Cross

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total cost together to Rs 90,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Nagar/street/Cross?

The Sub Registrar Office that covers Anna Nagar/street/Cross is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

When buying or selling property in Kathivakkam, the guideline value serves as a benchmark for determining the stamp duty and registration fees. The guideline value is used to calculate these fees, ensuring that they are based on a standardized measure of property value.

At the time of registration, the higher amount between the guideline value and the sale price will be considered for calculating the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Anna Nagar/street/Cross?

The current guideline value of Anna Nagar/street/Cross is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,001 per sq.ft in 2024, showing an overall increase of 234%.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 10,01,000, the stamp duty would be Rs 70,070 and the registration fee would be Rs 20,020, totaling Rs 90,090.

Which office handles registrations for Anna Nagar/street/Cross?

The Thiruvottiyur Sub Registrar Office handles registrations for Anna Nagar/street/Cross, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the guideline value determined for properties in Kathivakkam?

The guideline value for properties in Kathivakkam is determined by the Registration Department's guideline value register, which considers various factors, including land classification and location.