Guideline Value for ANAIYA NAGAR

Anaiya Nagar guideline value

The current guideline value of Anaiya Nagar, located in Veeranakunnam village, is Rs 103 per sq.ft, effective from the 2024 revision. This area falls under the Madurandakam SRO and is classified as Residential Special Type - I.

How the guideline value of Anaiya Nagar has changed

The guideline value for Anaiya Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which was then reduced to Rs 67 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 100 per sq.ft, and the latest 2024 revision has raised it further to Rs 103 per sq.ft, marking a 3% increase from the previous year.

Looking at the changes over the years, the guideline value increased by 49% from 2017 to 2023. When comparing the 2012 and 2017 revisions, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 3%.

Guideline values in Veeranakunnam

In Veeranakunnam, there are 9 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 103 per sq.ft. The median value of these streets is Rs 103 per sq.ft, which is equal to the 2024 guideline value for Anaiya Nagar.

• Aishwarya Nagar: Rs 100 per sq.ft (2024)
• Real Value Developer In Royal Nagar: Rs 100 per sq.ft (2024)
• Royal Nagar: Rs 100 per sq.ft (2024)
• Sai Sakthi Garden: Rs 103 per sq.ft (2024)
• Srinivasa Nagar: Rs 103 per sq.ft (2024)
• Srinivasa Nagar Phase-I: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Anaiya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value amounts to Rs 1,03,000. The stamp duty at 7% would be Rs 7,210, and the registration fee at 2% would be Rs 2,060, bringing the total to Rs 9,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anaiya Nagar?

The Sub Registrar Office covering Anaiya Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Veeranakunnam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

It is essential for buyers and sellers to be aware of the current guideline value, as it ensures that the transaction is compliant with local regulations. This value is regularly updated to reflect changes in the real estate market and is a key factor in property transactions.

Frequently asked questions

What is the current guideline value of Anaiya Nagar?

The current guideline value of Anaiya Nagar is Rs 103 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023, and finally to Rs 103 per sq.ft in 2024.

What is the land classification for Anaiya Nagar?

Anaiya Nagar is classified as Residential Special Type - I, which indicates its designated use for residential purposes.

Where can I find the Madurandakam Sub Registrar Office?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the stamp duty calculated for property in Anaiya Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 103 per sq.ft, the total guideline value is Rs 1,03,000, leading to a stamp duty of Rs 7,210.