Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value of Anna Nagar in Pullilyon village, under the Redhills SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Anna Nagar has changed

The guideline value for Anna Nagar has undergone several revisions over the years. The earliest recorded value was Rs 34 per sq.ft in 2003. This figure increased significantly to Rs 200 per sq.ft in 2007, marking a change of +488%. Following this, the value doubled to Rs 400 per sq.ft in 2012, reflecting a +100% increase. However, it saw a decline to Rs 268 per sq.ft in 2017, which was a decrease of -33%. The value then rose sharply to Rs 400 per sq.ft in 2023, followed by a further increase to Rs 440 per sq.ft in 2024, which is a +10% change.

Overall, from 2003 to 2024, the guideline value has increased by +1194%. It is important to note that the register does not have a figure for the year 2002 for this street.

Guideline values in Pullilyon

In Pullilyon, there are 77 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 700 per sq.ft. Anna Nagar's 2024 guideline value is below this median.

• Annai Nagar: Rs 550 per sq.ft (2024)
• Annai Avenue: Rs 440 per sq.ft (2024)
• Anbu Nagar Annex: Rs 440 per sq.ft (2024)
• Anbu Nagar: Rs 550 per sq.ft (2024)
• Ananthi Nagar: Rs 770 per sq.ft (2024)
• Bajanain Koil Street: Rs 550 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 would amount to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. 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 Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Pullilyon. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When a property is sold, the transaction must be registered, and the guideline value will influence the total costs involved. This ensures that both parties are aware of the financial obligations associated with the property transfer.

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 34 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, reflecting an overall increase of +1194% over the years.

What is the land classification for Anna Nagar?

Anna Nagar falls under the Residential Class III Type - I land classification.

What are the stamp duty rates for property in Anna Nagar?

The stamp duty for property in Anna Nagar is 7% of the guideline value or 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 Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.