Guideline Value for A.N.VASUDEVAN NAGAR

A.N.Vasudevan Nagar guideline value

The current guideline value of A.N.Vasudevan Nagar is Rs 2,440 per sq.ft, effective from 1 July 2024. This area is located in Mudichur village under the Padappai SRO, and is classified as Residential Special Type - III.

How the guideline value of A.N.Vasudevan Nagar has changed

The guideline value for A.N.Vasudevan Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,440 per sq.ft, an increase of 10% from the 2023 revision of Rs 2,211 per sq.ft. The 2017 revision also recorded the value at Rs 2,211 per sq.ft, indicating no change from 2017 to 2023.

Prior to these revisions, there are no figures available for the years 2012, 2007, 2003, and 2002 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 10%.

Guideline values in Mudichur

Mudichur village has a total of 135 streets under the Padappai SRO, with guideline values ranging from Rs 880 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, making A.N.Vasudevan Nagar's 2024 figure above that median.

• Appavu Street: Rs 1,210 per sq.ft (2024)
• Anna Street: Rs 3,630 per sq.ft (2024)
• Arasan Avenue: Rs 2,750 per sq.ft (2024)
• Anna Nagar: Rs 2,200 per sq.ft (2024)
• Arumuga Nayinar Colony: Rs 2,200 per sq.ft (2024)
• Annai Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in A.N.Vasudevan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,440 per sq.ft, the total guideline value amounts to Rs 24,40,000. The stamp duty at 7% would be Rs 1,70,800, and the registration fee at 2% would be Rs 48,800, bringing the total fees together to Rs 2,19,600. Please note that 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.Vasudevan Nagar?

The Sub Registrar Office that covers A.N.Vasudevan Nagar 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 an essential metric used during the registration process of property transactions in Mudichur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of A.N.Vasudevan Nagar?

The current guideline value of A.N.Vasudevan Nagar is Rs 2,440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased by 10% from Rs 2,211 per sq.ft in 2023 to Rs 2,440 per sq.ft in 2024. There was no change from 2017 to 2023, as both years recorded the value at Rs 2,211 per sq.ft.

What is the land classification of A.N.Vasudevan Nagar?

A.N.Vasudevan Nagar is classified as Residential Special Type - III. This classification impacts the guideline value and the types of properties that can be developed in the area.

Where can I find the registration office for A.N.Vasudevan Nagar?

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

How is stamp duty calculated for properties in A.N.Vasudevan Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 24,40,000 would incur a stamp duty of Rs 1,70,800 at a rate of 7%.