Guideline Value for Anna nagar

Anna nagar guideline value

The current guideline value of Anna nagar in Kizhottivakkam village is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under the Walajabad SRO and is classified as Residential Class II Type - I.

How the guideline value of Anna nagar has changed

In the 2012 revision, the guideline value was Rs 200 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 134 per sq.ft. Following this, the value increased significantly to Rs 200 per sq.ft in the 2023 revision, maintaining the same figure in the 2024 revision, resulting in a 0% change from 2023 to 2024. The overall change from 2012 to 2024 shows no variation, as the value returned to Rs 200 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kizhottivakkam

In Kizhottivakkam, there are 12 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 750 per sq.ft, with a median value of Rs 510 per sq.ft. The guideline value for Anna nagar is below this median.

• Anchor S Aishwaryam Avenue: Rs 350 per sq.ft (2024)
• Balu Garden -II: Rs 750 per sq.ft (2024)
• Jayam Nagar: Rs 750 per sq.ft (2024)
• Ram Balaji Nagar: Rs 520 per sq.ft (2024)
• Sai Nagar: Rs 350 per sq.ft (2024)
• S.D.Garden: Rs 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty is calculated at 7%, which equals Rs 14,000, and the registration fee at 2% amounts to Rs 4,000, bringing the total fees together to Rs 18,000. Duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna nagar?

The Anna nagar area is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Kizhottivakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a legally recognized value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is important to be aware of this value to understand the financial implications of property transactions in the area.

Frequently asked questions

What is the current guideline value of Anna nagar?

The current guideline value of Anna nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 200 per sq.ft, unchanged from 2023. The value previously dropped to Rs 134 per sq.ft in 2017 from Rs 200 per sq.ft in 2012.

What is the classification of land in Anna nagar?

Anna nagar is classified as Residential Class II Type - I, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for property in Anna nagar?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 18,000.

Where can I find the Sub Registrar Office for Anna nagar?

The Walajabad Sub Registrar Office covers Anna nagar and is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.