Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value of Anna Nagar, located in Sirungavoor village under the Redhills SRO, is Rs 275 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 seen several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased significantly to Rs 250 per sq.ft in 2012. However, it decreased to Rs 167 per sq.ft in 2017. The 2023 revision set the value at Rs 250 per sq.ft, which was then raised to Rs 275 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 175%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Sirungavoor

In Sirungavoor, 24 streets under the Redhills SRO have a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft, with the median value being Rs 275 per sq.ft. Anna Nagar's current guideline value is equal to this median.

• Aravind Farms: Rs 275 per sq.ft (2024)
• Ashok Metrovaram: Rs 650 per sq.ft (2024)
• Iswariya Nagar: Rs 275 per sq.ft (2024)
• Kamalammal Nagar: Rs 440 per sq.ft (2024)
• Lakshmi Nagar: Rs 275 per sq.ft (2024)
• Padmavathi Nagar: Rs 275 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 275 per sq.ft, the total guideline value would be Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total fees to Rs 24,750. 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 covering 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 Sirungavoor

The guideline value is a crucial component in the registration process for property transactions in Sirungavoor. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for assessing the transaction value. If the sale price exceeds the guideline value, the duty is calculated based on the higher amount, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2007 to Rs 275 per sq.ft in 2024, marking a total increase of 175% over the years.

What other streets in Sirungavoor have guideline values?

Other streets in Sirungavoor include Aravind Farms, Iswariya Nagar, Lakshmi Nagar, and Padmavathi Nagar, all valued at Rs 275 per sq.ft in 2024, among others.

What are the stamp duty and registration fees for property in Anna Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 24,750.

Where is the Sub Registrar Office for Anna Nagar located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.