Guideline Value for Anna Nagar

Anna Nagar guideline value

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

How the guideline value of Anna Nagar has changed

The guideline value for Anna Nagar has remained stable at Rs 300 per sq.ft from the 2023 revision to the 2024 revision, showing no change. Prior to this, in the 2017 revision, the value was Rs 201 per sq.ft, marking a significant increase of 49% when compared to the 2023 figure.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. The register does not provide figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 6,200 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Anna Nagar's current value below this median.

• Anna Street: Rs 300 per sq.ft (2024)
• APMS Nagar: Rs 1,320 per sq.ft (2024)
• Arakkonam Salai: Rs 1,320 per sq.ft (2024)
• Arlington County Phase - IV: Rs 1,344 per sq.ft (2024)
• Arlington County Ph.I: Rs 1,320 per sq.ft (2024)
• Arlington county Ph.I Extension: Rs 1,320 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 300 per sq.ft, the total 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, bringing the total fees to Rs 27,000. 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 more information.

Which Sub Registrar Office covers Anna Nagar?

The Sub Registrar Office that covers 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 details.

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

The guideline value is a critical factor during property registration in Mevaloorkuppam B, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair price, aligning with government regulations. This value is essential for both buyers and sellers to understand their financial obligations 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 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same from 2023 to 2024 at Rs 300 per sq.ft. It increased by 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. This is calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Anna Nagar?

The Sriperumpudur Sub Registrar Office handles property registrations in Anna Nagar. It is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the significance of the guideline value in property transactions?

The guideline value serves as the minimum price for property registration and affects the stamp duty and registration fees. It ensures that properties are recorded at a fair price according to government regulations.