Guideline Value for Anna Thottam / Anna Garden

Anna Thottam / Anna Garden guideline value

The current guideline value for Anna Thottam / Anna Garden is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Selavoyal village and falls under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Anna Thottam / Anna Garden has changed

The guideline value for Anna Thottam / Anna Garden has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft from the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The latest revision from 2023 to 2024 reflects a 10% increase, resulting in an overall change of +10% from 2012 to 2024.

Guideline values in Selavoyal

In Selavoyal, there are 170 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,900 to Rs 3,300 per sq.ft. The median value is Rs 2,200 per sq.ft, which is the same as the guideline value for Anna Thottam / Anna Garden. Below are the guideline values for other streets in Selavoyal:

• Arasu Avenue: Rs 1,900 per sq.ft (2024)
• Annai Therasa Street: Rs 1,900 per sq.ft (2024)
• Arumuga Naicker Thottam Residents: Rs 1,900 per sq.ft (2024)
• Anna Indira Nagar: Rs 1,900 per sq.ft (2024)
• Annai Avenue 3rd Street: Rs 1,900 per sq.ft (2024)
• Annai Avenue 2nd Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Thottam / Anna Garden

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Together, these fees total Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Thottam / Anna Garden?

The Madhavaram Sub Registrar Office covers Anna Thottam / Anna Garden, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions within Selavoyal. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

During the registration process, the guideline value is used to calculate applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and in accordance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value for Anna Thottam / Anna Garden?

The current guideline value for Anna Thottam / Anna Garden is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Anna Thottam / Anna Garden?

Anna Thottam / Anna Garden is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for properties in Anna Thottam / Anna Garden?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.