Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value of Anna Nagar in Thimmaiyanpettai village is Rs 220 per sq.ft, effective from 1 July 2024. This area falls under the Walajabad Sub Registrar Office (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. The earliest recorded figure is from 2012, which was Rs 200 per sq.ft. In 2017, this value decreased to Rs 134 per sq.ft, marking a decline of 33%. However, the subsequent revisions saw a significant increase, with the value rising to Rs 200 per sq.ft in 2023, and then further increasing to Rs 220 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value experienced a substantial increase of 49%. Overall, comparing the 2012 figure to the 2024 figure, there has been a net increase of 10%. It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thimmaiyanpettai

In Thimmaiyanpettai village, four streets under the Walajabad SRO have a 2024 guideline value ranging from Rs 220 to Rs 330 per sq.ft. The median guideline value for these streets is Rs 248 per sq.ft, placing Anna Nagar's 2024 figure below that median. The following are the guideline values for other streets in Thimmaiyanpettai:

• Annai Nagar: Rs 275 per sq.ft (2024)
• Sri Prasanna Nagar: Rs 220 per sq.ft (2024)
• Vishwa Nagar: Rs 330 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 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty, charged at 7%, would amount to Rs 15,400, while the registration fee at 2% would be Rs 4,400, bringing the total charges together to Rs 19,800. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Nagar?

The Anna Nagar area is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thimmaiyanpettai. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers should be aware that the guideline value may influence the overall transaction costs, as these fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is advisable to consult the latest guideline value to ensure compliance with the registration requirements. This ensures that all parties involved are informed of the financial implications tied to the guideline value during the sale or purchase of properties in the area.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 220 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 to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

What is the land classification of Anna Nagar?

Anna Nagar is classified as Residential Class II Type - I, which is important for determining the applicable guidelines and regulations for property transactions in the area.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated in Anna Nagar?

Stamp duty in Anna Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400.