Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value of Anna Nagar, located in Chembarambakkam village under the Poonamallee SRO, is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Anna Nagar has changed

The guideline value for Anna Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft, which decreased by 6% to Rs 938 per sq.ft in 2017. The subsequent revision in 2023 saw a significant increase of 49%, bringing the value up to Rs 1,400 per sq.ft. The most recent revision in 2024 has further increased the guideline value by 10%, now standing at Rs 1,540 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 54%.

Guideline values in Chembarambakkam

In Chembarambakkam, there are 64 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Anna Nagar's 2024 figure above this median.

• Athukal Street Grama Street (Or) Vellala Street Amman Koil St S.No.98: Rs 878 per sq.ft (2024)
• Athukkal Street: Rs 878 per sq.ft (2024)
• Chandra Avenue: Rs 1,095 per sq.ft (2024)
• Chennai Bangalore National Highway: Rs 2,750 per sq.ft (2024)
• Ekavalli Nagar: Rs 878 per sq.ft (2024)
• Eternity: Rs 2,800 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 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. 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 more details.

Which Sub Registrar Office covers Anna Nagar?

The Sub Registrar Office that covers Anna Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chembarambakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 1,540 per sq.ft in 2024, reflecting an overall increase of 54% over this period.

What are the stamp duty rates in Anna Nagar?

The stamp duty rate in Anna Nagar is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Anna Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

What is the median guideline value in Chembarambakkam?

The median guideline value for streets in Chembarambakkam is Rs 1,100 per sq.ft, with Anna Nagar's value of Rs 1,540 per sq.ft being above this median.