Guideline Value for Anna Nagar

Anna Nagar guideline value

The current guideline value for Anna Nagar, located in Madipakkam-1 village under the Velacheri SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

How the guideline value of Anna Nagar has changed

The guideline value for Anna Nagar has seen significant changes over the years. The earliest revision available is from 2017, which set the value at Rs 1,675 per sq.ft. In 2023, this value increased to Rs 2,500 per sq.ft, marking a rise of 49%. The most recent revision in 2024 has set the value at Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is noteworthy that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO, with the 2024 guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, which matches the current guideline value of Anna Nagar.

• Anna Nagar 10th Main Road: Rs 2,750 per sq.ft (2024)
• Anna Nagar 10th Street: Rs 2,750 per sq.ft (2024)
• Anna Nagar 11th Street: Rs 2,750 per sq.ft (2024)
• Anna Nagar 11th Street Ext: Rs 2,750 per sq.ft (2024)
• Annamalai Street: Rs 2,200 per sq.ft (2024)
• Anna Nagar 1st Main Road: Rs 2,750 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 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. 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 Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor in property transactions in Madipakkam-1. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider this value as it affects the overall cost of the transaction.

When registering a property, the guideline value serves as a benchmark to ensure that the transaction is recorded at a fair value. This is essential for maintaining transparency and 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 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,750 per sq.ft in 2024, marking an overall increase of 64% over this period.

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

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles property registrations in Anna Nagar?

The Velacheri Sub Registrar Office handles property registrations in Anna Nagar, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for Anna Nagar?

Anna Nagar falls under the Residential Class I Type - III land classification, indicating its designated use for residential purposes.