Guideline Value for ANAND NAGAR 1st STREET

ANAND NAGAR 1st STREET guideline value

The current guideline value of ANAND NAGAR 1st STREET is Rs 6,100 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village, under the Neelankarai SRO. The land classification for this area is Residential Special Type - II.

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

The guideline value for ANAND NAGAR 1st STREET has seen several revisions over the years. In 2003, the guideline value was Rs 170 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2007. The value then rose to Rs 5,500 per sq.ft in 2012, before dropping to Rs 3,685 per sq.ft in 2017. The 2023 revision set the value at Rs 5,500 per sq.ft, and the most recent revision in 2024 has increased it to Rs 6,100 per sq.ft.

From 2017 to 2023, there was a 49% increase, followed by an 11% increase from 2023 to 2024. The 2012 to 2017 period saw a decrease of 33%, while the 2007 to 2012 period experienced a significant increase of 120%. Notably, from 2003 to 2007, the guideline value surged by 1371%. Overall, the guideline value has increased by 3488% from 2003 to 2024. The register has no figure for this street in 2002.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam village, there are 453 streets under the Neelankarai SRO with a guideline value for 2024 ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, making the current value of ANAND NAGAR 1st STREET above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value amounts to Rs 61,00,000. The stamp duty at 7% would be Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, resulting in a total of Rs 5,49,000. 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 details.

Which Sub Registrar Office covers ANAND NAGAR 1st STREET?

The Sub Registrar Office that covers ANAND NAGAR 1st STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Okkiyamthuraipakkam. It is used to determine the stamp duty and registration fees that buyers need to pay when purchasing property. The guideline value ensures that the government receives the appropriate revenue from property transactions.

When selling property, the guideline value helps establish a baseline for negotiations between buyers and sellers. It provides a reference point that can influence the final sale price, ensuring that both parties are aware of the official valuation set by the government.

Frequently asked questions

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

The current guideline value of ANAND NAGAR 1st STREET is Rs 6,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 170 per sq.ft in 2003 to Rs 6,100 per sq.ft in 2024, reflecting a total increase of 3488% over this period.

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

ANAND NAGAR 1st STREET is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for ANAND NAGAR 1st STREET?

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

What factors affect the stamp duty and registration fees?

The stamp duty and registration fees are determined based on the guideline value or the sale price of the property, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.