Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value for Anna Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area falls under Parvatharajapuram village and is classified as Residential Class I Type - I. The Poonamallee Sub Registrar Office (SRO) oversees this region.

How the guideline value of Anna Nagar has changed

Over the years, the guideline value of Anna Nagar has seen several revisions. The earliest recorded value is from 2012, which was Rs 400 per sq.ft. This was followed by a drop to Rs 268 per sq.ft in 2017. The value then increased to Rs 400 per sq.ft in the 2023 revision, and the most recent revision in 2024 set it at Rs 440 per sq.ft.

In terms of percentage changes, the guideline value rose by 49% from 2017 to 2023, and then increased by 10% from 2023 to 2024. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Parvatharajapuram

In addition to Anna Nagar, the guideline value for other streets in Parvatharajapuram under the Poonamallee SRO is also set at Rs 440 per sq.ft in 2024. Below are the other streets in Parvatharajapuram:

• Sathiya Nagar: Rs 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 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty is charged at 7%, which amounts to Rs 30,800, and the registration fee is charged at 2%, amounting to Rs 8,800. Together, the total cost for stamp duty and registration fee is Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, 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 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 Parvatharajapuram

The guideline value is a critical factor in the registration process when buying or selling property in Parvatharajapuram. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the transaction is recorded at a value that reflects the official rates set by the government.

When a property is sold, the buyer and seller must agree on a sale price, but the registration fee and stamp duty are calculated based on the higher of the guideline value or the sale price. This means that even if the sale price is lower than the guideline value, the fees will still be based on the guideline value.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the registration office for Anna Nagar?

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

How is stamp duty calculated in Anna Nagar?

Stamp duty in Anna Nagar is charged at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800.

Are there other streets with the same guideline value in Parvatharajapuram?

Yes, other streets in Parvatharajapuram, such as Sathiya Nagar, also have a guideline value of Rs 440 per sq.ft in 2024.