Guideline Value for ANAND NAGAR 2nd STREET

ANAND NAGAR 2nd STREET guideline value

The current guideline value of ANAND NAGAR 2nd STREET in Okkiyamthuraipakkam village, under the Neelankarai SRO, is Rs 6,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

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

The guideline value for ANAND NAGAR 2nd STREET has seen significant changes over the years. In 2003, the guideline value was Rs 170 per sq.ft, which increased dramatically to Rs 2,500 per sq.ft in 2007, marking a rise of 1371%. By 2012, the value was Rs 5,500 per sq.ft, reflecting a 120% increase from 2007. However, this figure dropped to Rs 3,685 per sq.ft in 2017, showing a decrease of 33%. The value then rose to Rs 5,500 per sq.ft in 2023, and finally to the current rate of Rs 6,100 per sq.ft in 2024, an increase of 11%.

Overall, from 2003 to 2024, the guideline value has increased by 3488%. It is important to note that the register has no figure for this street for the year 2002.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for ANAND NAGAR 2nd STREET is above this median.

• ANAND NAGAR 2nd CROSS STREET: Rs 4,400 per sq.ft (2024)
• ANAND NAGAR 3rd CROS STREET: Rs 4,400 per sq.ft (2024)
• ANAND NAGAR 1st STREET: Rs 6,100 per sq.ft (2024)
• ANAND NAGAR 1st CROSS STREET: Rs 4,400 per sq.ft (2024)
• ANAND NAGAR 4th CROSS STREET: Rs 4,400 per sq.ft (2024)
• ANAND NAGAR 5th CROSS STREET: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in ANAND NAGAR 2nd 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, totaling Rs 5,49,000. 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 STREET?

The ANAND NAGAR 2nd STREET is covered by 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 plays a crucial role in property transactions in Okkiyamthuraipakkam. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the registration process. This ensures that the property is valued accurately according to the local regulations.

It is essential for buyers and sellers to be aware of the current guideline value as it directly affects the financial aspects of property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

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

The current guideline value of ANAND NAGAR 2nd STREET is Rs 6,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 170 per sq.ft in 2003 to Rs 6,100 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for ANAND NAGAR 2nd STREET?

ANAND NAGAR 2nd STREET is classified as Residential Special Type - II.

What is the median guideline value in Okkiyamthuraipakkam?

The median guideline value in Okkiyamthuraipakkam is Rs 3,300 per sq.ft, with ANAND NAGAR 2nd STREET's value being above this median.

Where can I find the Neelankarai Sub Registrar Office?

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