Guideline Value for Anna Street, New Colony

Anna Street, New Colony guideline value

The current guideline value of Anna Street, New Colony is Rs 5,400 per sq.ft, effective from 1 July 2024. This street is located in Naduvakkarai village under the AnnaNagar SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Anna Street, New Colony has changed

Over the years, the guideline value of Anna Street, New Colony has seen several revisions. The 2012 revision set the value at Rs 5,000 per sq.ft, which was then decreased to Rs 3,350 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 5,000 per sq.ft in the 2023 revision and further to Rs 5,400 per sq.ft in the 2024 revision.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects an increase of 8%. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Naduvakkarai

Naduvakkarai village has a total of 148 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median guideline value for these streets is Rs 11,500 per sq.ft, indicating that Anna Street, New Colony's 2024 figure is below this median.

• Annai Anjugam Nagar: Rs 5,500 per sq.ft (2024)
• Anna Adarsh Working Women Hostel: Rs 11,000 per sq.ft (2024)
• AM- Block 14th Main Road: Rs 12,600 per sq.ft (2024)
• Ambedkat Street: Rs 3,300 per sq.ft (2024)
• Ambedkar Nagar: Rs 3,300 per sq.ft (2024)
• Ambedkar Streeet , New Colony: Rs 5,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street, New Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 5,400 per sq.ft, the total guideline value would be Rs 54,00,000. The stamp duty at 7% would amount to Rs 3,78,000, and the registration fee at 2% would be Rs 1,08,000. Together, these fees would total Rs 4,86,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Street, New Colony?

The Sub Registrar Office that covers Anna Street, New Colony is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Naduvakkarai. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anna Street, New Colony?

The current guideline value of Anna Street, New Colony is Rs 5,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2012 to Rs 3,350 per sq.ft in 2017, then increased to Rs 5,000 in 2023, and finally to Rs 5,400 in 2024.

What are the stamp duty and registration fees for property in Anna Street, New Colony?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For a plot of 1,000 sq.ft, the total fees would amount to Rs 4,86,000.

Which office handles registrations for Anna Street, New Colony?

The AnnaNagar Sub Registrar Office handles registrations for Anna Street, New Colony, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the guideline value determined for properties in Naduvakkarai?

The guideline value is determined by the Registration Department and reflects the minimum price at which properties can be registered. It is updated periodically based on various factors, including previous revisions and market conditions.