Guideline Value for AANANTHAM NAGAR

Aanantham Nagar guideline value

The current guideline value of Aanantham Nagar, located in Anumandhapuram village under the Chengleput Joint II SRO, is Rs 200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Aanantham Nagar has changed

The guideline value for Aanantham Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. This was a decrease of 33%. However, the value increased significantly in the 2023 revision to Rs 200 per sq.ft, and it remained the same in the 2024 revision, showing no change from the previous year.

In summary, from the 2012 revision to the 2024 revision, the overall change has been 0%, with a notable increase of 49% from 2017 to 2023. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Anumandhapuram

Anumandhapuram village has 12 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,200 per sq.ft, with a median value of Rs 402 per sq.ft. Aanantham Nagar's 2024 figure is below this median.

• Kanaga Raman Avenue: Rs 400 per sq.ft (2024)
• M.M.Nagar: Rs 700 per sq.ft (2024)
• Senthamizh Nagar: Rs 400 per sq.ft (2024)
• Shridi Sai Nagar: Rs 402 per sq.ft (2024)
• Veerabathira Nagar: Rs 401 per sq.ft (2024)
• Viswanatha Puram: Rs 401 per sq.ft (2024)

Stamp duty and registration fee for property in Aanantham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty, charged at 7%, would amount to Rs 14,000, while the registration fee at 2% would be Rs 4,000. Therefore, the total cost for stamp duty and registration would be Rs 18,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Aanantham Nagar?

The Aanantham Nagar area falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Anumandhapuram

The guideline value is a crucial factor in the registration process when buying or selling property in Anumandhapuram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Aanantham Nagar?

The current guideline value of Aanantham Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions being Rs 200 per sq.ft in both 2023 and 2024, while it was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012.

What is the land classification for Aanantham Nagar?

Aanantham Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Aanantham Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 18,000.

Which office handles registrations for Aanantham Nagar?

The Chengleput Joint II Sub Registrar Office handles registrations for Aanantham Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.