Guideline Value

Corporate

Guideline Value for ANAND NAGAR 5th CROSS STREET

₹4400/sq.ft.

The guideline value for Anand Nagar 5th 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 5th Cross Street

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ANAND NAGAR 5th CROSS STREET guideline value

The current guideline value of ANAND NAGAR 5th 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. The land classification for this area is Residential Class I Type - I.

How the guideline value of ANAND NAGAR 5th CROSS STREET has changed

The guideline value for ANAND NAGAR 5th CROSS STREET has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was later reduced to Rs 2,680 per sq.ft in 2017. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 4,000 per sq.ft. The most recent revision in 2024 has raised the value to Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

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

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 guideline value for this area is Rs 3,300 per sq.ft, placing ANAND NAGAR 5th CROSS STREET above this median.

Stamp duty and registration fee for property in ANAND NAGAR 5th 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, while the registration fee at 2% would be Rs 88,000. Together, the total fees would be 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 information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers ANAND NAGAR 5th CROSS STREET?

The Sub Registrar Office that covers ANAND NAGAR 5th 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 details.

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

The guideline value plays a crucial role when buying or selling property in Okkiyamthuraipakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value is used to calculate these fees, ensuring that the transaction is compliant with local regulations.

When a property is sold, the guideline value helps establish a baseline for the transaction price. If the sale price exceeds the guideline value, the stamp duty is calculated based on the higher amount, ensuring that the fees reflect the true market value of the property.

Frequently asked questions

What is the current guideline value of ANAND NAGAR 5th CROSS STREET?

The current guideline value of ANAND NAGAR 5th 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, marking a 10% increase. It was Rs 2,680 per sq.ft in 2017, which was a 49% increase from the previous value of Rs 4,000 per sq.ft in 2012.

What is the land classification for ANAND NAGAR 5th CROSS STREET?

The land classification for ANAND NAGAR 5th CROSS STREET is Residential Class I Type - I, indicating its suitability for residential purposes.

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.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value of the property or the sale price, whichever is higher. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 and a registration fee of Rs 88,000.