Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value of Anna Nagar, located in Sekkadu village under the Avadi SRO, is Rs 930 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - III land classification.

How the guideline value of Anna Nagar has changed

The guideline value for Anna Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 850 per sq.ft, which was followed by a decrease to Rs 569 per sq.ft in the 2017 revision. However, the value saw a significant increase in the subsequent revisions, rising to Rs 850 per sq.ft in 2023 and finally reaching Rs 930 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

Looking at the changes between the revisions, the guideline value increased by 49% from 2017 to 2023. The overall change from 2012 to 2024 shows a modest increase of 9%. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sekkadu

In Sekkadu, there are 56 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 930 to Rs 4,800 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value for Anna Nagar is below this median.

• Angalamman Koil Street Kudiyiruppu: Rs 1,320 per sq.ft (2024)
• Angala Eswari Street: Rs 1,320 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,320 per sq.ft (2024)
• Balakumaran Nagar: Rs 1,075 per sq.ft (2024)
• C.S.I. School Street: Rs 1,320 per sq.ft (2024)
• Defence Colony: Rs 1,075 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 930 per sq.ft, the total guideline value amounts to Rs 9,30,000. The stamp duty at 7% would be Rs 65,100, and the registration fee at 2% would be Rs 18,600, bringing the total to Rs 83,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Nagar?

The Sub Registrar Office that covers Anna Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Sekkadu. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers should be aware that the guideline value is typically used as a benchmark for these calculations.

When registering a property, the guideline value ensures that the transaction is documented at a fair value, which helps in maintaining transparency in the real estate market. It is essential for both buyers and sellers to understand how this value impacts their financial obligations 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 930 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then increased to Rs 850 per sq.ft in 2023, and finally to Rs 930 per sq.ft in 2024.

What is the land classification for Anna Nagar?

Anna Nagar falls under the Residential Class II Type - III land classification.

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

The Sub Registrar Office for Anna Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

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

The stamp duty for properties in Anna Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 930 per sq.ft, the total guideline value would be Rs 9,30,000, resulting in a stamp duty of Rs 65,100.