Guideline Value for A.N.Colony

A.N.Colony guideline value

The current guideline value of A.N.Colony, located in Mudichur village under the Padappai SRO, is Rs 1,760 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of A.N.Colony has changed

The guideline value for A.N.Colony has seen significant changes over the years. In 2007, the value was Rs 200 per sq.ft, which increased dramatically to Rs 1,600 per sq.ft in 2012, marking a rise of 700%. However, between 2012 and 2017, the value decreased to Rs 1,072 per sq.ft, a drop of 33%. The value then rose to Rs 1,600 per sq.ft in 2023, followed by a further increase to Rs 1,760 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 780%. It is important to note that the register has no figures for A.N.Colony for the years 2002 and 2003.

Guideline values in Mudichur

In Mudichur, there are 135 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,000 per sq.ft, with a median value of Rs 2,200 per sq.ft. A.N.Colony's current guideline value is below this median.

• Amudham Nagar: Rs 2,200 per sq.ft (2024)
• Ambedkar Street, S.No.72/1 Natham: Rs 3,630 per sq.ft (2024)
• Annai Nagar: Rs 2,200 per sq.ft (2024)
• Ambedhkar Nagar: Rs 1,210 per sq.ft (2024)
• A.L.S.Nagar: Rs 1,760 per sq.ft (2024)
• A.L.S. Greenland: Rs 1,210 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty, calculated at 7%, would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, resulting in a total of Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.N.Colony?

The Sub Registrar Office that covers A.N.Colony is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Mudichur. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. The guideline value serves as a benchmark for the minimum price at which properties can be registered.

When buyers and sellers engage in property transactions, the guideline value helps ensure transparency and fairness in the registration process. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of A.N.Colony?

The current guideline value of A.N.Colony is Rs 1,760 per sq.ft, effective from 1 July 2024.

How often does the guideline value get revised?

The guideline value is revised periodically, with the most recent revision occurring in 2024. Previous revisions took place in 2023, 2017, 2012, and 2007.

What is the land classification of A.N.Colony?

A.N.Colony is classified as Residential Class I Type - I, which indicates its suitability for residential purposes.

What is the registration office for A.N.Colony?

The registration office for A.N.Colony is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

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

Stamp duty for properties in A.N.Colony is calculated based on the guideline value or the sale price, whichever is higher. The current stamp duty rate is 7% of the guideline value.