Guideline Value for Anna Street/Anna Nagar

Anna Street/Anna Nagar guideline value

The current guideline value of Anna Street/Anna Nagar in Neelankarai village, under the Neelankarai SRO, is Rs 1,700 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Anna Street/Anna Nagar has changed

Over the years, the guideline value of Anna Street/Anna Nagar has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was later reduced to Rs 1,005 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 1,500 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,700 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%, followed by a 13% increase from 2023 to 2024. Notably, the overall change from the 2012 revision to the 2024 revision reflects a 13% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 10,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Anna Street/Anna Nagar's 2024 figure below this median.

• Anna Nagar Thoripakkam Salai: Rs 1,700 per sq.ft (2024)
• Arigner Anna Nagar 1st Street: Rs 1,700 per sq.ft (2024)
• Arigner Anna Nagar 2nd Street: Rs 1,700 per sq.ft (2024)
• Arigner Anna Nagar 3rd Street: Rs 1,700 per sq.ft (2024)
• Arigner Anna Nagar 4th Street: Rs 1,700 per sq.ft (2024)
• Arigner Anna Nagar 5th Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street/Anna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details on fees applicable to your property transaction.

Which Sub Registrar Office covers Anna Street/Anna Nagar?

The Sub Registrar Office that covers Anna Street/Anna Nagar is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Neelankarai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value influences the stamp duty and registration fees payable. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anna Street/Anna Nagar?

The current guideline value of Anna Street/Anna Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification for Anna Street/Anna Nagar?

Anna Street/Anna Nagar is classified as Residential Class III Type - I.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Anna Street/Anna Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.