Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value of Anna Nagar in Thiruneermalai village, under the Pammal SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of Anna Nagar has changed

The guideline value for Anna Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 237 per sq.ft, which increased to Rs 350 per sq.ft in 2007. This was a rise of 48%. The value then surged dramatically to Rs 1,340 per sq.ft in 2017, marking a 283% increase. Following that, the guideline value rose to Rs 2,000 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 has set the value at Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 828%.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft, with a median value of Rs 2,420 per sq.ft. The guideline value for Anna Nagar is below this median.

• Annai Thersa Street: Rs 2,420 per sq.ft (2024)
• Annai Thersa Main Road: Rs 2,420 per sq.ft (2024)
• Anna Street / Durga Nagar: Rs 2,420 per sq.ft (2024)
• Anna Street Extn., / Durga Nagar: Rs 2,420 per sq.ft (2024)
• Ariangar Anna Street: Rs 2,200 per sq.ft (2024)
• Avaiyar Street: Rs 2,420 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 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Anna Nagar?

The Sub Registrar Office that covers Anna Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Thiruneermalai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official value set by the government.

When buying or selling property, the guideline value helps to determine the minimum price at which a property can be registered. This ensures transparency and helps in maintaining a standard for property transactions in the region.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 237 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, an overall increase of 828% over the years.

What is the land classification for Anna Nagar?

Anna Nagar falls under the Residential Class I Type - II land classification.

Where can I find the registration office for Anna Nagar?

The registration office for Anna Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for property in Anna Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at a rate of 7%.