Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value of Anna Nagar, located in Salamangalam village under the Sriperumpudur SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This area falls under the land classification of New House Site Type -III (Approved Lay-Out).

How the guideline value of Anna Nagar has changed

In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. This remained unchanged in the subsequent revisions of 2017 and 2023, where the guideline value was also Rs 500 per sq.ft. However, there was a significant increase from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, marking a 49% rise. The register has no figures for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2012 to 2024, the overall change is 0%. The latest revision in 2024 has maintained the guideline value at Rs 500 per sq.ft, indicating stability in the valuation for this street.

Guideline values in Salamangalam

In Salamangalam, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 3,100 per sq.ft. The median value for these streets is Rs 500 per sq.ft, which is equal to the guideline value of Anna Nagar.

• Anantham Nagar: Rs 550 per sq.ft (2024)
• Astro Gardens: Rs 400 per sq.ft (2024)
• Alamelumangapuram colony: Rs 601 per sq.ft (2024)
• Aishwarya Nagar: Rs 400 per sq.ft (2024)
• Bajanai Koil street: Rs 300 per sq.ft (2024)
• Bhavani Nagar: Rs 400 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 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use our stamp duty and registration fee calculator.

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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Salamangalam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps establish a fair valuation for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements 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 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the latest revision in 2024 maintaining it at Rs 500 per sq.ft. There was a significant increase from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023.

What is the land classification for Anna Nagar?

Anna Nagar falls under the land classification of New House Site Type -III (Approved Lay-Out).

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

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which office handles property registrations for Anna Nagar?

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