Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value for Anna Nagar in Ikkadu village, under the Tiruvallur Joint 1 SRO, is Rs 500 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Anna Nagar has changed

The guideline value for Anna Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 50 per sq.ft. This value increased significantly to Rs 500 per sq.ft in 2012, representing a remarkable increase of 900%. However, in the following revision in 2017, the value dropped to Rs 335 per sq.ft, a decrease of 33%. The 2023 revision maintained the value at Rs 500 per sq.ft, and the same value continues into the 2024 revision, showing no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 900%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ikkadu

In Ikkadu village, there are 51 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,400 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Anna Nagar's 2024 figure above this median.

• ArunaChalam Street: Rs 300 per sq.ft (2024)
• Ambetkar street: Rs 500 per sq.ft (2024)
• Ambedkar Nagar: Rs 500 per sq.ft (2024)
• Amala Nagar: Rs 400 per sq.ft (2024)
• Balaji Nagar: Rs 500 per sq.ft (2024)
• Elumalai Garden: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. 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 information.

Which Sub Registrar Office covers Anna Nagar?

The Sub Registrar Office that covers Anna Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Ikkadu. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable fees. This ensures that both the buyer and seller are aware of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Anna Nagar?

The current guideline value of Anna Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then dropped to Rs 335 per sq.ft in 2017, and remained at Rs 500 per sq.ft in 2023 and 2024.

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

For a 1,000 sq.ft plot valued at Rs 5,00,000, the stamp duty is Rs 35,000 and the registration fee is Rs 10,000, totaling Rs 45,000.

Where is the Sub Registrar Office for Anna Nagar located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the land classification for Anna Nagar?

Anna Nagar is classified as Residential Class II Type - I, indicating its designation for residential use.