Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value of Anna Nagar, located in Chengalpattu Town village under the Chengleput Joint I SRO, is Rs 3,850 per sq.ft. This value is effective from 1 July 2024 and is classified as Commercial Special Type - I.

How the guideline value of Anna Nagar has changed

The guideline value for Anna Nagar has undergone several revisions over the years. The 2007 revision set the value at Rs 365 per sq.ft, which dramatically increased to Rs 3,500 per sq.ft in 2012. Following this, the value decreased by 33% to Rs 2,345 per sq.ft in 2017. The subsequent revision in 2023 raised the value significantly to Rs 3,500 per sq.ft, and the most recent revision in 2024 has further increased it to Rs 3,850 per sq.ft.

Between the revisions, the changes are notable. From 2023 to 2024, the guideline value increased by 10%. The jump from 2017 to 2023 was a substantial 49%, while the 2012 to 2017 period saw a decrease of 33%. The most remarkable change occurred from 2007 to 2012, where the value surged by 859%. Overall, from 2007 to 2024, the guideline value has increased by 955%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chengalpattu Town

In Chengalpattu Town, there are 55 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value across these streets is Rs 3,025 per sq.ft, placing Anna Nagar's 2024 figure above this median.

• Anna Salai: Rs 3,520 per sq.ft (2024)
• Anumanthaputheri Adhilakshmi Nagar: Rs 1,650 per sq.ft (2024)
• Anumanthaputheri Madurai Veeran Koil Street: Rs 2,420 per sq.ft (2024)
• Anumanthaputheri Nadu Street: Rs 1,650 per sq.ft (2024)
• Anumanthaputheri Pillaiyar Koil Street: Rs 2,750 per sq.ft (2024)
• Anumanthaputheri T.V. Tower Road: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. 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 further assistance.

Which Sub Registrar Office covers Anna Nagar?

The Sub Registrar Office that covers Anna Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Chengalpattu Town. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that both buyers and sellers adhere to the legal requirements during the transaction process.

When a property is bought or sold, the guideline value acts as a reference point to determine the minimum value at which the property can be registered. This helps maintain transparency and fairness in property dealings, as the registration fees and stamp duties are calculated based on this value.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 3,850 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 365 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 955% since 2007.

What is the land classification of Anna Nagar?

Anna Nagar is classified as Commercial Special Type - I, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for Anna Nagar?

The Sub Registrar Office for Anna Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 38,50,000 would incur a stamp duty of Rs 2,69,500 and a registration fee of Rs 77,000.