Guideline Value for Rani Anna Nagar

Rani Anna Nagar guideline value

The current guideline value of Rani Anna Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This area falls under 44.Ayanambakkam village, governed by the Konnur SRO. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Rani Anna Nagar has changed

The guideline value for Rani Anna Nagar has seen several revisions over the years. In 2017, the guideline value was Rs 536 per sq.ft. This increased significantly to Rs 800 per sq.ft in the 2023 revision, marking a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 880 per sq.ft, reflecting a further increase of 10% from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, which means the 2024 figure for Rani Anna Nagar is below that median.

• Royal City Phase I (S.No.252, 253, 342): Rs 1,100 per sq.ft (2024)
• Royal City (S.No.260/2): Rs 1,100 per sq.ft (2024)
• Sadaippa Vallal Street: Rs 1,100 per sq.ft (2024)
• Rajiv Ganthi Nagar: Rs 880 per sq.ft (2024)
• Rajankuppam Yadava street: Rs 1,400 per sq.ft (2024)
• Rajangkuppam Salai: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Rani Anna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Rani Anna Nagar?

The Sub Registrar Office that covers Rani 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 to a property transaction.

When you register a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rani Anna Nagar?

The current guideline value of Rani Anna Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 536 per sq.ft to Rs 880 per sq.ft in 2024, with significant jumps in 2023 and 2024 revisions.

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

Other streets in 44.Ayanambakkam include Royal City Phase I, Royal City, Sadaippa Vallal Street, Rajiv Ganthi Nagar, Rajankuppam Yadava street, and Rajangkuppam Salai, with guideline values ranging from Rs 880 to Rs 2,200 per sq.ft in 2024.

What is the stamp duty rate for properties in Rani Anna Nagar?

The stamp duty rate for properties in Rani Anna Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the relevant link provided, which will guide you to the appropriate office for your property transactions.