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

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

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

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

The guideline value for A.N.C.Colony (out) has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,000 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the guideline value to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes in guideline value from 2012 to 2024 indicate an overall increase of 10%. Specifically, the increase from 2017 to 2023 was 49%, while the adjustment from 2012 to 2017 was a decrease of 33%. 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 for these streets is Rs 1,650 per sq.ft, placing A.N.C.Colony (out) below that median.

• A.N.C.Colony (in): 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 (out)

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, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

The A.N.C.Colony (out) 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 details.

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

The guideline value plays a crucial role during property registration in Chitlapakkam. It is used to determine the stamp duty and registration fees that must be paid when a property transaction occurs. This ensures that the government receives appropriate revenue based on the established guideline values.

When buying or selling property, the guideline value is essential for both buyers and sellers. It provides a standard reference point for property valuation, helping to facilitate a smoother transaction process and ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of A.N.C.Colony (out)?

The current guideline value of A.N.C.Colony (out) is Rs 1,100 per sq.ft, effective from the 2024 revision.

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 (out)?

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

What are the other streets in Chitlapakkam with their guideline values?

Other streets in Chitlapakkam include A.N.C.Colony (in) at Rs 1,100 per sq.ft, and several Ananda Nagar streets, each at Rs 1,650 per sq.ft.

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

The Sub Registrar Office covering A.N.C.Colony (out) is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.