Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value of Anna Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Somangalam village under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Anna Nagar has changed

The guideline value for Anna Nagar has seen several revisions over the years. In 2007, the value was Rs 80 per sq.ft, which increased significantly to Rs 250 per sq.ft in 2012. However, it dropped to Rs 167 per sq.ft in 2017, before remaining stable at Rs 250 per sq.ft in both the 2023 and 2024 revisions. The register has no figure for this street in 2002 and 2003.

From 2012 to 2017, the value decreased by 33%. Following this, there was a 50% increase from 2017 to 2023. The overall change from 2007 to 2024 reflects a substantial increase of 213%.

Guideline values in Somangalam

In Somangalam, there are 86 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value of Anna Nagar is below this median.

• Annai Nagar Annex: Rs 150 per sq.ft (2024)
• Annai Nagar: Rs 150 per sq.ft (2024)
• Amirtharaj Nagar: Rs 200 per sq.ft (2024)
• Ashok Nagar: Rs 250 per sq.ft (2024)
• Alwins Green Park: Rs 500 per sq.ft (2024)
• Ayarpadi: Rs 200 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 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty is charged at 7%, which totals Rs 17,500, and the registration fee is 2%, amounting to Rs 5,000. Together, the total cost for stamp duty and registration fee is Rs 22,500. 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 details.

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 Somangalam

The guideline value is a crucial factor when buying or selling property in Somangalam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value is set by the government and is subject to periodic revisions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revisions showing a stable value of Rs 250 per sq.ft from 2023 to 2024, after varying values in previous years.

What is the median guideline value in Somangalam?

The median guideline value in Somangalam is Rs 350 per sq.ft, with Anna Nagar's value being below this median.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value, which can be calculated based on the property's size and current guideline value.

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.