Guideline Value for ANAND NAGAR 1st CROSS STREET

ANAND NAGAR 1st CROSS STREET guideline value

The current guideline value of ANAND NAGAR 1st CROSS STREET in Okkiyamthuraipakkam village is Rs 4,400 per sq.ft, effective from 1 July 2024. This street falls under the Neelankarai SRO and is classified as Residential Class I Type - I.

How the guideline value of ANAND NAGAR 1st CROSS STREET has changed

The guideline value for ANAND NAGAR 1st CROSS STREET has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was a decrease of 33% from the previous figure of Rs 2,680 per sq.ft in 2017. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

In 2017, the value increased to Rs 2,680 per sq.ft, and by 2023, it rose to Rs 4,000 per sq.ft, marking a significant increase of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 4,400 per sq.ft, reflecting a 10% rise from the previous year.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, indicating that ANAND NAGAR 1st CROSS STREET's 2024 guideline value is above this median.

• ANAND NAGAR 1st STREET: Rs 6,100 per sq.ft (2024)
• ANAND NAGAR 2nd CROSS STREET: Rs 4,400 per sq.ft (2024)
• ANAND NAGAR 2nd STREET: Rs 6,100 per sq.ft (2024)
• Anand Nagar: Rs 6,100 per sq.ft (2024)
• ANAND NAGAR 3rd CROS STREET: Rs 4,400 per sq.ft (2024)
• ANAND NAGAR 4th CROSS STREET: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in ANAND NAGAR 1st CROSS STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers ANAND NAGAR 1st CROSS STREET?

The Sub Registrar Office that covers ANAND NAGAR 1st CROSS STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Okkiyamthuraipakkam. It is the minimum value set by the government for registration purposes and is used to calculate stamp duty and registration fees when buying or selling property.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of ANAND NAGAR 1st CROSS STREET?

The current guideline value of ANAND NAGAR 1st CROSS STREET is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,680 per sq.ft in 2017, which increased to Rs 4,000 per sq.ft in 2023, marking a 49% rise.

What is the land classification for ANAND NAGAR 1st CROSS STREET?

ANAND NAGAR 1st CROSS STREET is classified as Residential Class I Type - I, indicating that it is designated for residential use.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 3,96,000.

Where is the Sub Registrar Office for this street located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.