Guideline Value for ANAND NAGAR PHASE II

Anand Nagar Phase II guideline value

The current guideline value of Anand Nagar Phase II is Rs 448 per sq.ft, effective from 1 July 2024. This area is located in Pazhayanoor village and falls under the Madurandakam SRO, classified as Mixed Type - I land.

How the guideline value of Anand Nagar Phase II has changed

In the 2023 revision, the guideline value for Anand Nagar Phase II was Rs 448 per sq.ft, which remained unchanged in the 2024 revision. There are no figures available for this street in the revisions from 2002, 2003, 2007, 2012, and 2017.

Thus, the guideline value has shown a consistent figure of Rs 448 per sq.ft from 2023 to 2024, indicating no percentage change during this period.

Guideline values in Pazhayanoor

Pazhayanoor village has nine streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 800 per sq.ft, with a median value of Rs 300 per sq.ft. Anand Nagar Phase II's 2024 figure of Rs 448 per sq.ft is above this median.

• Iyeshwarya Nagar: Rs 100 per sq.ft (2024)
• Jayam Seenu Garden: Rs 200 per sq.ft (2024)
• Lakshmi Nagar: Rs 300 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 250 per sq.ft (2024)
• Mahalakshmi Nagar Phase -I: Rs 448 per sq.ft (2024)
• Rmbx Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Anand Nagar Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 448 per sq.ft, the total guideline value amounts to Rs 4,48,000. The stamp duty at 7% would be Rs 31,360, while the registration fee at 2% would be Rs 8,960, bringing the total fees to Rs 40,320. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Anand Nagar Phase II?

Anand Nagar Phase II falls under the jurisdiction of the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions as it determines the amount of stamp duty and registration fees payable at the time of registration. Buyers and sellers should be aware that the guideline value is used to ensure that the property is registered at a value that reflects the current market conditions.

When a property is sold, the registration office uses the guideline value to assess the applicable fees. It is important to note that these fees are calculated based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Anand Nagar Phase II?

The current guideline value of Anand Nagar Phase II is Rs 448 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Anand Nagar Phase II has remained constant at Rs 448 per sq.ft since the 2023 revision and has no figures available for the revisions from 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Anand Nagar Phase II?

Anand Nagar Phase II is classified as Mixed Type - I land according to the guidelines set by the Madurandakam SRO.

What are the stamp duty and registration fees for property in Anand Nagar Phase II?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,48,000. The stamp duty at 7% is Rs 31,360, and the registration fee at 2% is Rs 8,960, totaling Rs 40,320.

Where is the Sub Registrar Office for Anand Nagar Phase II located?

The Madurandakam Sub Registrar Office, which covers Anand Nagar Phase II, is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.