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Guideline Value

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Guideline Value for ANAND NAGAR 2nd CROSS STREET

₹4400/sq.ft.

The guideline value for Anand Nagar 2nd Cross Street in Okkiyamthuraipakkam village (Neelankarai SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Okkiyamthuraipakkam

Village

Neelankarai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Anand Nagar 2nd Cross Street

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ANAND NAGAR 2nd CROSS STREET guideline value

The current guideline value of ANAND NAGAR 2nd CROSS STREET is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village under the Neelankarai SRO, classified as Residential Class I Type - I.

How the guideline value of ANAND NAGAR 2nd CROSS STREET has changed

The guideline value for ANAND NAGAR 2nd 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 value of Rs 2,680 per sq.ft in 2017. The value remained unchanged at Rs 4,000 per sq.ft in the 2023 revision, which then increased by 10% to Rs 4,400 per sq.ft in the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 10% from Rs 4,000 per sq.ft in 2012 to Rs 4,400 per sq.ft in 2024.

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 is Rs 3,300 per sq.ft, making the 2024 guideline value of ANAND NAGAR 2nd CROSS STREET above this median.

Stamp duty and registration fee for property in ANAND NAGAR 2nd 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 would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost to Rs 3,96,000. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers ANAND NAGAR 2nd CROSS STREET?

ANAND NAGAR 2nd CROSS STREET falls under 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 further assistance.

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

The guideline value is an essential factor when registering a property in Okkiyamthuraipakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property, which is crucial for legal and financial purposes during the registration process.

Frequently asked questions

What is the current guideline value of ANAND NAGAR 2nd CROSS STREET?

The current guideline value of ANAND NAGAR 2nd 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, a 10% increase. It was Rs 2,680 per sq.ft in 2017, which increased to Rs 4,000 per sq.ft in 2012.

What is the land classification of ANAND NAGAR 2nd CROSS STREET?

ANAND NAGAR 2nd CROSS STREET is classified as Residential Class I Type - I.

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

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 44,00,000, the total stamp duty and registration fees would amount to Rs 3,96,000.

Which office handles the registration for ANAND NAGAR 2nd CROSS STREET?

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