Guideline Value for HOSPITAL ROAD ANNA ROAD

Hospital Road Anna Road guideline value

The current guideline value of Hospital Road Anna Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Residential Class III Type - II.

How the guideline value of Hospital Road Anna Road has changed

The guideline value for Hospital Road Anna Road has seen several revisions over the years. In 2002, the guideline value was Rs 802 per sq.ft, which increased to Rs 891 per sq.ft in 2003. Following this, the value rose significantly to Rs 2,000 per sq.ft in 2007, and then to Rs 5,000 per sq.ft in 2012. However, there was a decrease to Rs 3,350 per sq.ft in 2017. The value then increased to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,500 per sq.ft as of the 2024 revision.

The changes between these revisions reflect a range of increases and decreases. From 2002 to 2003, the increase was 11%. The jump from 2003 to 2007 was 124%, followed by a 150% rise from 2007 to 2012. The value then decreased by 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 586%.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value for these streets is Rs 11,000 per sq.ft, placing Hospital Road Anna Road's current value below that median.

• Hindi Prachar Sabha Street: Rs 14,300 per sq.ft (2024)
• Hanumantha Rao Road(Street)(Cross Street): Rs 9,900 per sq.ft (2024)
• Habibullah Road (Part III Upto G.N.Chetty Street): Rs 17,600 per sq.ft (2024)
• Habibullah 3rd Street: Rs 17,600 per sq.ft (2024)
• Habibullah 2 Street (Part II Up To Thirumalapillai Road): Rs 17,600 per sq.ft (2024)
• Habibulla 1st Street (Part 1 Upto North Usman Road): Rs 17,600 per sq.ft (2024)

Stamp duty and registration fee for property in Hospital Road Anna Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Hospital Road Anna Road?

The Sub Registrar Office that covers Hospital Road Anna Road is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Tnagar, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration process will involve fees based on the guideline value.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that all transactions are conducted at a value that reflects the official rates set by the government, providing transparency in the property market.

Frequently asked questions

What is the current guideline value of Hospital Road Anna Road?

The current guideline value of Hospital Road Anna Road is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 802 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 586% over the years.

What is the land classification for Hospital Road Anna Road?

Hospital Road Anna Road is classified as Residential Class III Type - II.

What are the stamp duty and registration fees for properties on Hospital Road Anna Road?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value, which is Rs 5,500 per sq.ft as of 2024.

Where is the Sub Registrar Office for Hospital Road Anna Road located?

The Thiyagaraya nagar Sub Registrar Office is located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.