Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value for Anna Nagar in Mambakkam village, under the Madurandakam SRO, is Rs 330 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 has changed

The guideline value for Anna Nagar has seen several revisions over the years. In 2007, the value was set at Rs 100 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012. However, this value decreased by 33% to Rs 201 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 300 per sq.ft, and the latest revision in 2024 has increased it to Rs 330 per sq.ft, marking a 10% rise from the previous year.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to the current 2024 revision, the guideline value has increased by 230%.

Guideline values in Mambakkam

In Mambakkam, there are 26 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 770 per sq.ft, with the median being Rs 330 per sq.ft. Anna Nagar's 2024 figure is equal to this median.

• Anani Narasammal Nagar: Rs 330 per sq.ft (2024)
• Dharshan Nagar: Rs 330 per sq.ft (2024)
• Dr Gs Garden: Rs 770 per sq.ft (2024)
• Mambakkam Bajanaikoil Street: Rs 330 per sq.ft (2024)
• Mambakkam Gurukulam: Rs 330 per sq.ft (2024)
• Mambakkam Kattu Colony: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar

For a 1,000 sq.ft plot at the current rate of Rs 330 per sq.ft, the guideline value would be Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Anna Nagar?

The Sub Registrar Office that covers Anna Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Mambakkam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on an official valuation.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of property transactions. This ensures transparency and helps in the proper documentation of property sales.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2007 to Rs 330 per sq.ft in 2024, representing a total increase of 230% over the years.

What are the other streets in Mambakkam with their guideline values?

Other streets in Mambakkam include Anani Narasammal Nagar, Dharshan Nagar, Mambakkam Bajanaikoil Street, Mambakkam Gurukulam, and Mambakkam Kattu Colony, all valued at Rs 330 per sq.ft in 2024, while Dr Gs Garden is valued at Rs 770 per sq.ft.

What is the registration fee and stamp duty for properties in Anna Nagar?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 3,30,000, the total fees would be Rs 29,700.

Where is the Sub Registrar Office for Anna Nagar located?

The Sub Registrar Office for Anna Nagar is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.