Guideline Value for New Anna Nagar1st street

New Anna Nagar1st street guideline value

The current guideline value of New Anna Nagar1st street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO and is classified as Residential Special Type - II.

How the guideline value of New Anna Nagar1st street has changed

The guideline value for New Anna Nagar1st street has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a 300% increase. However, it then dropped to Rs 1,340 per sq.ft in 2017, reflecting a decrease of 33% from the previous revision.

From 2017 to 2023, the guideline value rose to Rs 2,000 per sq.ft, an increase of 49%. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, which is a 10% increase from 2023. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is equal to the current guideline value of New Anna Nagar1st street.

• New Anna Nagar2st street: Rs 2,200 per sq.ft (2024)
• New Anna Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• New Anna Nagar: Rs 2,200 per sq.ft (2024)
• New Anna Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• New Anna Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• New Anna Nagar extention: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in New Anna Nagar1st street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total 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, totaling Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers New Anna Nagar1st street?

The Sub Registrar Office that covers New Anna Nagar1st street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property in Oragadam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It helps in establishing a fair transaction value and is crucial for the legal documentation required during the registration process.

Frequently asked questions

What is the current guideline value of New Anna Nagar1st street?

The current guideline value of New Anna Nagar1st street 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 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What are the stamp duty and registration fees for properties in this area?

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.

Which office handles registrations for New Anna Nagar1st street?

The Ambattur Sub Registrar Office handles registrations for New Anna Nagar1st street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for New Anna Nagar1st street?

The land classification for New Anna Nagar1st street is Residential Special Type - II.