Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value of Anna Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Malaipattu village, under the Sunguvarchattram SRO, classified as Residential Class I Type - I.

How the guideline value of Anna Nagar has changed

Looking at the revisions, the guideline value for Anna Nagar was Rs 200 per sq.ft in both the 2023 and 2024 revisions. The 2017 revision recorded a lower value of Rs 134 per sq.ft, marking a significant increase of 49% to the 2023 figure. In the 2012 revision, the value was Rs 200 per sq.ft, which indicates a decrease of 33% when compared to the 2017 revision.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 200 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Malaipattu

Malaipattu village has 36 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 150 to Rs 1,181 per sq.ft. The median guideline value in this village is Rs 200 per sq.ft, which is the same as the current value for Anna Nagar.

• Anna Street: Rs 150 per sq.ft (2024)
• Arunthava Nagar: Rs 200 per sq.ft (2024)
• Ambethkar Street: Rs 200 per sq.ft (2024)
• Agraharam: Rs 441 per sq.ft (2024)
• Adithya Nagar: Rs 500 per sq.ft (2024)
• Bharathidhasan Street: Rs 150 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, leading to a total of Rs 18,000. It is important 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 Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor in the registration process for property transactions in Malaipattu. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the government records.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. Buyers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 shows no increase.

What is the land classification for Anna Nagar?

Anna Nagar is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where is the Sub Registrar Office for Anna Nagar located?

The Sub Registrar Office for Anna Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for property in Anna Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at a rate of 7%.