Guideline Value for A.N.C.Colony (in)

A.N.C.Colony (in) guideline value

The current guideline value for A.N.C.Colony (in) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - II.

How the guideline value of A.N.C.Colony (in) has changed

The guideline value for A.N.C.Colony (in) has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in the 2017 revision. However, the value saw a significant increase to Rs 1,000 per sq.ft in 2023, and then it rose again to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, placing A.N.C.Colony (in) below this median value.

• A.N.C.Colony (out): Rs 1,100 per sq.ft (2024)
• Ananda Nagar Vinayagar Koil Street: Rs 1,650 per sq.ft (2024)
• Ananda Nagar Rajaji Street: Rs 1,650 per sq.ft (2024)
• Ananda Nagar Patel Street: Rs 1,650 per sq.ft (2024)
• Ananda Nagar Cross Street: Rs 1,650 per sq.ft (2024)
• Ananda Nagar Aravindar Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in A.N.C.Colony (in)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A.N.C.Colony (in)?

The A.N.C.Colony (in) area is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Chitlapakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value.

When you register a property, the guideline value serves as a benchmark for assessing the property's worth. This helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value for A.N.C.Colony (in)?

The current guideline value for A.N.C.Colony (in) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for A.N.C.Colony (in)?

A.N.C.Colony (in) is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for A.N.C.Colony (in)?

The Sub Registrar Office covering A.N.C.Colony (in) is located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in A.N.C.Colony (in)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.