Guideline Value for New Anna Nagar

New Anna Nagar guideline value

The current guideline value of New Anna Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024. This area falls under 44.Ayanambakkam village in the Konnur SRO, classified as Residential Special Type - III.

How the guideline value of New Anna Nagar has changed

The guideline value for New Anna Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 1,072 per sq.ft, which increased significantly to Rs 1,600 per sq.ft in the 2023 revision. The most recent revision in 2024 has further increased the value to Rs 1,700 per sq.ft, marking a 6% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 59%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2023 to 2024 increase of 6% follows a substantial 49% increase from 2017 to 2023, highlighting the significant changes in the guideline value over the years.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft. The median value in this area is Rs 1,300 per sq.ft, placing New Anna Nagar's guideline value above that median.

• New Century Nagar: Rs 1,400 per sq.ft (2024)
• Nehru Street: Rs 1,100 per sq.ft (2024)
• NolamburRoad: Rs 2,200 per sq.ft (2024)
• Nova Aradiya Nagar: Rs 4,000 per sq.ft (2024)
• Nova Element 5: Rs 2,130 per sq.ft (2024)
• Nova Element 5 Extension I: Rs 6,000 per sq.ft (2024)

Stamp duty and registration fee for property in New Anna Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. 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 precise calculations.

Which Sub Registrar Office covers New Anna Nagar?

The Sub Registrar Office that covers New Anna Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor in the registration process when buying or selling property in 44.Ayanambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

Frequently asked questions

What is the current guideline value of New Anna Nagar?

The current guideline value of New Anna Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,072 per sq.ft to Rs 1,700 per sq.ft in 2024, representing an overall increase of 59%.

What are the other streets in 44.Ayanambakkam and their guideline values?

Other streets in 44.Ayanambakkam include New Century Nagar at Rs 1,400 per sq.ft, Nehru Street at Rs 1,100 per sq.ft, and NolamburRoad at Rs 2,200 per sq.ft, among others.

How is the stamp duty calculated for properties in New Anna Nagar?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000.

Where can I find the Sub Registrar Office for New Anna Nagar?

The Konnur Sub Registrar Office covers New Anna Nagar, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.