Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value of Anna Nagar, located in Selaiyur village under the Selaiyur SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. The land classification for this area is 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. The earliest recorded revision was in 2007, setting the value at Rs 450 per sq.ft. This value increased significantly to Rs 2,000 per sq.ft in 2012, marking a 344% rise. However, it then decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

Notably, there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 389%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft, with the median value being Rs 2,200 per sq.ft. The guideline value for Anna Nagar matches this median.

• Annai Therasa Street: Rs 1,800 per sq.ft (2024)
• Annai Sivagami Street: Rs 1,100 per sq.ft (2024)
• Annai Sathya Street: Rs 1,600 per sq.ft (2024)
• Annai Nagar: Rs 2,900 per sq.ft (2024)
• Anna Street: Rs 2,900 per sq.ft (2024)
• Annadurai Street: Rs 950 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 amounts to Rs 22,00,000. The stamp duty at 7% would be 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 the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Anna Nagar?

The Sub Registrar Office covering Anna Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Selaiyur

The guideline value is a critical factor in property transactions in Selaiyur. It serves as a benchmark for determining the minimum price at which properties can be registered. When a property is bought or sold, the guideline value is used to calculate the necessary stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

Additionally, the guideline value helps in maintaining transparency in property transactions, as it reflects the government’s assessment of property values in the area. Buyers and sellers must be aware of the current guideline value to ensure fair dealings during the registration process.

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?

Since 2007, the guideline value has increased from Rs 450 per sq.ft to Rs 2,200 per sq.ft in 2024, representing an overall increase of 389%.

What are the stamp duty rates for properties in Anna Nagar?

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

What is the registration fee for properties in Anna Nagar?

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

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.