Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value for Anna Nagar is Rs 1,500 per sq.ft. This area is located in Kolapakkam village, under the Gooduvancheri Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - II.

How the guideline value of Anna Nagar has changed

The guideline value of Anna Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 440 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, this value remained unchanged until the next revision in 2017, where it decreased to Rs 1,005 per sq.ft. The most recent revision in 2023 saw a return to Rs 1,500 per sq.ft, marking a 49% increase from the 2017 figure.

Overall, from 2007 to 2023, the guideline value has increased by 241%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Kolapakkam

Currently, there are no specific village figures available for Kolapakkam. The Anna Nagar guideline value sits within the broader context of the Kolapakkam area. Unfortunately, there are no other streets in Kolapakkam under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Anna Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000. Together, the total cost for stamp duty and registration fee would be Rs 1,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Nagar?

The Sub Registrar Office that covers Anna Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kolapakkam. It serves as a reference point for calculating stamp duty and registration fees, which are mandatory costs associated with property transactions.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, ensuring that the government receives the correct amount based on the property's value.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed as follows: Rs 440 per sq.ft in 2007, Rs 1,500 per sq.ft in 2012, Rs 1,005 per sq.ft in 2017, and back to Rs 1,500 per sq.ft in 2023.

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

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

What is the registration fee for property transactions?

The registration fee for property transactions in Anna Nagar is 2% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.