Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value of Anna Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Mevaloorkuppam village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Anna Nagar has changed

Over the years, the guideline value for Anna Nagar has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 300 per sq.ft. The 2024 revision also maintained this figure, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 300 per sq.ft.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are a total of 69 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,400 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Anna Nagar is below this median.

• Anna Street: Rs 300 per sq.ft (2024)
• APMS Nagar: Rs 900 per sq.ft (2024)
• Arakkonam Salai: Rs 900 per sq.ft (2024)
• Arlington County Phase - IV: Rs 1,344 per sq.ft (2024)
• Arlington County Ph.I: Rs 900 per sq.ft (2024)
• Arlington county Ph.I Extension: Rs 900 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 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is essential 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 more details.

Which Sub Registrar Office covers Anna Nagar?

The Sub Registrar Office covering Anna Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Mevaloorkuppam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When a property is sold, the guideline value is assessed to calculate the applicable fees. If the sale price is higher than the guideline value, the duty is charged based on the sale price instead.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2012, with a decrease to Rs 201 per sq.ft in 2017 and an increase back to Rs 300 per sq.ft in 2023 and 2024.

What is the median guideline value in Mevaloorkuppam?

The median guideline value in Mevaloorkuppam is Rs 400 per sq.ft, while Anna Nagar's value is below this median.

What are the stamp duty and registration fees for property in Anna Nagar?

For a property valued at Rs 3,00,000, the total stamp duty and registration fees would amount to Rs 27,000, which includes a stamp duty of Rs 21,000 and a registration fee of Rs 6,000.

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

The Sub Registrar Office for Anna Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.