Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value of Anna Nagar, located in Malliyankaranai village, is Rs 401 per sq.ft. This value is effective from the 2024 revision, which is managed by the Uthiramerur SRO. The land classification for this area is Residential Special Type - II.

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 100 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012, marking a 300% rise. However, it dropped to Rs 268 per sq.ft in 2017, a decrease of 33%. From 2017 to 2023, the value rose to Rs 400 per sq.ft, representing a 49% increase. The most recent revision in 2024 maintained the value at Rs 401 per sq.ft, showing no change from the previous year.

It is important to note that the register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 301%.

Guideline values in Malliyankaranai

Malliyankaranai village has 42 streets under the Uthiramerur SRO with a 2024 guideline value ranging from Rs 200 to Rs 603 per sq.ft. The median value is Rs 401 per sq.ft, which is equal to the guideline value for Anna Nagar.

• Arunachalapillai Chatiram: Rs 401 per sq.ft (2024)
• Arunachala PillaiChatiram Kalani: Rs 300 per sq.ft (2024)
• A.V.Avenu: Rs 250 per sq.ft (2024)
• Akshaya Nagar: Rs 401 per sq.ft (2024)
• Balaji Nagar: Rs 250 per sq.ft (2024)
• Chellammal Nagar: Rs 401 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 401 per sq.ft, the total guideline value would be Rs 4,01,000. The stamp duty at 7% would be Rs 28,070, and the registration fee at 2% would be Rs 8,020. Together, the total cost for stamp duty and registration would be Rs 36,090. 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 that covers Anna Nagar is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Malliyankaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership. Buyers and sellers should be aware of the current guideline value to ensure compliance with the legal requirements during the transaction.

When purchasing property, the guideline value helps in assessing the minimum value at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions while also providing transparency in property dealings.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 401 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 100 per sq.ft in 2007 to Rs 401 per sq.ft in 2024, reflecting an overall increase of 301% over this period.

What is the land classification for Anna Nagar?

Anna Nagar is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

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

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is the stamp duty calculated for property in Anna Nagar?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 4,01,000 would incur a stamp duty of Rs 28,070 at 7%.