Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value of Anna Nagar, located in Mudichur village under the Padappai SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special 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 set at Rs 250 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a remarkable increase of 700%. However, the value then decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. Following this, the guideline value rose to Rs 2,000 per sq.ft in 2023, and then to the current value of Rs 2,200 per sq.ft in 2024, representing a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 780%. The revisions for the years 2002 and 2003 do not have figures listed for this street.

Guideline values in Mudichur

Mudichur village has 135 streets under the Padappai SRO, with the 2024 guideline values ranging from Rs 880 to Rs 4,000 per sq.ft. The median value is Rs 2,200 per sq.ft, which matches the current guideline value for Anna Nagar.

• Anna Street: Rs 3,630 per sq.ft (2024)
• Annai Nagar: Rs 2,200 per sq.ft (2024)
• A.N.Vasudevan Nagar: Rs 2,440 per sq.ft (2024)
• Appavu Street: Rs 1,210 per sq.ft (2024)
• Arasan Avenue: Rs 2,750 per sq.ft (2024)
• A.N.Colony: Rs 1,760 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 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 further assistance.

Which Sub Registrar Office covers Anna Nagar?

The Sub Registrar Office covering Anna Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Mudichur. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is sold or purchased. This ensures that the government receives appropriate revenue based on the established values.

When registering a property, the guideline value is compared with the sale price, and the higher of the two amounts is used to calculate the applicable duties. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 250 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 780%.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 22,00,000, the total fees would amount to Rs 1,98,000.

Which Sub Registrar Office covers Anna Nagar?

Anna Nagar falls under the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. The higher of the guideline value or the sale price is used to calculate the applicable duties.