Guideline Value for Anna Veethi

Anna Veethi guideline value

The current guideline value of Anna Veethi, located in Kodambakkam village under the Ashok Nagar SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class IV Type - II land classification.

How the guideline value of Anna Veethi has changed

Over the years, the guideline value of Anna Veethi has seen several revisions. The 2007 revision set the value at Rs 800 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, between 2012 and 2017, there was a decrease to Rs 2,010 per sq.ft. The value rose again to Rs 3,000 per sq.ft in 2023, and the latest revision in 2024 has brought it to Rs 3,300 per sq.ft. The register has no figures for the years 2002 and 2003.

In terms of percentage changes, the guideline value increased by 275% from 2007 to 2012, then decreased by 33% from 2012 to 2017. Following that, there was a significant increase of 49% from 2017 to 2023, and a further increase of 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 313%.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, making Anna Veethi's current guideline value below this median.

• Anna Veedhi Main Street: Rs 3,300 per sq.ft (2024)
• Anna Veedhi 5th Street: Rs 3,300 per sq.ft (2024)
• Anna Veedhi 4th Street: Rs 3,300 per sq.ft (2024)
• Anna Veedhi 3rd Street: Rs 3,300 per sq.ft (2024)
• Anna Veedhi 2nd Street: Rs 3,300 per sq.ft (2024)
• Anna Veedhi 1st Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that 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 details.

Which Sub Registrar Office covers Anna Veethi?

The Anna Veethi property falls under the jurisdiction of the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Anna Veethi?

The current guideline value of Anna Veethi is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, starting from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 313%.

What is the land classification of Anna Veethi?

Anna Veethi is classified as Residential Class IV Type - II according to the land classification standards.

Where is the Ashok Nagar Sub Registrar Office located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated for properties in Anna Veethi?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.