Guideline Value

Corporate

Guideline Value for ANAND NAGAR 4th CROSS STREET

₹4400/sq.ft.

The guideline value for Anand Nagar 4th 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 4th Cross Street

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ANAND NAGAR 4th CROSS STREET guideline value

The current guideline value of ANAND NAGAR 4th CROSS STREET is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village and falls under the Neelankarai SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of ANAND NAGAR 4th CROSS STREET has changed

The guideline value for ANAND NAGAR 4th CROSS STREET has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 2,680 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 4,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has further increased the value to Rs 4,400 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, comparing the 2012 figure to the current 2024 value shows a modest increase of 10%.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO that carry a guideline value for 2024, 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, placing ANAND NAGAR 4th CROSS STREET's value above this median.

Stamp duty and registration fee for property in ANAND NAGAR 4th 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, leading to a total cost of 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers ANAND NAGAR 4th CROSS STREET?

The Sub Registrar Office that covers ANAND NAGAR 4th 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. You can find your SRO for more information.

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

When buying or selling property in Okkiyamthuraipakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Understanding the guideline value helps buyers and sellers make informed decisions during the registration process. It is essential to check the latest revisions to ensure compliance with the current rates set by the Registration Department.

Frequently asked questions

What is the current guideline value of ANAND NAGAR 4th CROSS STREET?

The current guideline value of ANAND NAGAR 4th 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 2012 to Rs 2,680 per sq.ft in 2017, then increased to Rs 4,000 per sq.ft in 2023, and is now Rs 4,400 per sq.ft in 2024.

What is the land classification for ANAND NAGAR 4th CROSS STREET?

ANAND NAGAR 4th CROSS STREET is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this street?

The Neelankarai Sub Registrar Office covers ANAND NAGAR 4th CROSS STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How do I calculate the stamp duty and registration fees?

Stamp duty is calculated at 7% of the guideline value, and the registration fee is 2% of the guideline value. You can use the stamp duty and registration fee calculator for precise calculations.