Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value of Anna Nagar, located in Padappai village under the Padappai SRO, is Rs 660 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV 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 85 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012, marking a remarkable rise of 606%. However, from 2012 to 2017, the value decreased by 33% to Rs 402 per sq.ft. The subsequent revision in 2023 saw another increase to Rs 600 per sq.ft, followed by a further rise to Rs 660 per sq.ft in 2024, representing a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 676%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Padappai

In Padappai, there are 146 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 440 to Rs 4,000 per sq.ft. The median value is Rs 830 per sq.ft, placing Anna Nagar's 2024 figure below that median.

• Annai Arul Nagar: Rs 660 per sq.ft (2024)
• Anitha Nagar: Rs 830 per sq.ft (2024)
• Arumugam Nagar: Rs 830 per sq.ft (2024)
• Asha Nagar: Rs 3,300 per sq.ft (2024)
• Ambedgar Street: Rs 660 per sq.ft (2024)
• Auric Homes: Rs 990 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 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or 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 Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in property transactions in Padappai. It serves as a benchmark for determining the stamp duty and registration fees when buying or selling property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When you register a property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in the real estate market. This process is crucial for both buyers and sellers to understand their financial obligations during a property transaction.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 85 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, reflecting an overall increase of 676% over this period.

What is the land classification of Anna Nagar?

Anna Nagar is classified as Residential Class IV Type - I, indicating its designation for residential use.

Where can I find the Padappai Sub Registrar Office?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

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

Stamp duty for properties in Anna Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 6,60,000 would incur a stamp duty of Rs 46,200.