Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value of Anna Nagar, located in Serapanancheri village under the Padappai SRO, is Rs 990 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 undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 603 per sq.ft. However, from 2017 to 2023, the value saw a significant increase of 49%, bringing it up to Rs 900 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 990 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Serapanancheri

In Serapanancheri, there are 53 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 440 to Rs 4,440 per sq.ft. The median value for these streets is Rs 720 per sq.ft, placing Anna Nagar's 2024 figure above this median.

• Anna Nagar S.Nos.108/1b, 111/8b, 111/2, 111/3: Rs 990 per sq.ft (2024)
• Annai Avenue: Rs 720 per sq.ft (2024)
• Amman Nagar Extn I and II: Rs 720 per sq.ft (2024)
• Amman Nagar: Rs 720 per sq.ft (2024)
• Balaji Nagar: Rs 720 per sq.ft (2024)
• Cresent Enclave: Rs 4,440 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 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total fees together to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value and 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 Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai 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 Serapanancheri

The guideline value plays a crucial role in the registration process when buying or selling property in Serapanancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer and seller must consider the guideline value for calculating applicable fees, such as stamp duty and registration charges. This ensures compliance with local regulations and helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value for Anna Nagar?

The current guideline value for Anna Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Anna Nagar?

Anna Nagar is classified as Residential Special Type - I under the guideline value register.

Where can I find the registration office for Anna Nagar?

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

How is stamp duty calculated for properties in Anna Nagar?

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 plot valued at Rs 9,90,000, the stamp duty would be Rs 69,300 at a rate of 7%.