Guideline Value for K.A.Anna Nagar Ph.-II

K.A.Anna Nagar Ph.-II guideline value

The current guideline value for K.A.Anna Nagar Ph.-II is Rs 500 per sq.ft. This area is located in Pennaloor village under the Sriperumpudur SRO and is classified as Residential Special Type - I.

How the guideline value of K.A.Anna Nagar Ph.-II has changed

Since 2012, the guideline value for K.A.Anna Nagar Ph.-II has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged in the 2023 and 2024 revisions. However, the 2017 revision marked a decrease to Rs 335 per sq.ft, reflecting a -33% change from the 2012 figure. The value then increased by 49% to Rs 500 per sq.ft in the 2023 revision.

In summary, the guideline value has not changed from 2012 to 2024, remaining at Rs 500 per sq.ft. The 2023 to 2024 revision saw no change, maintaining the value at Rs 500 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pennaloor

Pennaloor village has 35 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 1,200 per sq.ft, where the median value is Rs 200 per sq.ft. K.A.Anna Nagar Ph.-II's 2024 guideline value is above this median.

• K.A.Anna Nagar: Rs 400 per sq.ft (2024)
• Heath Centre: Rs 200 per sq.ft (2024)
• Havisha Homes: Rs 850 per sq.ft (2024)
• KPS Nagar: Rs 400 per sq.ft (2024)
• Gowtham Nagar: Rs 200 per sq.ft (2024)
• Kulakkarai Street: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in K.A.Anna Nagar Ph.-II

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.A.Anna Nagar Ph.-II?

The Sub Registrar Office that covers K.A.Anna Nagar Ph.-II is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Pennaloor. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It helps in establishing a fair price for the property, ensuring transparency in the transaction process.

Frequently asked questions

What is the current guideline value of K.A.Anna Nagar Ph.-II?

The current guideline value of K.A.Anna Nagar Ph.-II is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023. There was no change from 2023 to 2024.

What is the classification of land in K.A.Anna Nagar Ph.-II?

The land in K.A.Anna Nagar Ph.-II is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for K.A.Anna Nagar Ph.-II?

The Sub Registrar Office for K.A.Anna Nagar Ph.-II is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in K.A.Anna Nagar Ph.-II?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at a rate of 7%.