Guideline Value for ANAND NAGAR

Anand Nagar guideline value

The current guideline value of Anand Nagar, located in Nanthiambakkam village under the Thiruvottiyur SRO, is Rs 330 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Anand Nagar has changed

The guideline value for Anand Nagar has seen several revisions over the years. The earliest recorded value in the register was Rs 33 per sq.ft in 2002. This increased to Rs 39 per sq.ft in 2003, marking an 18% rise. The value then rose to Rs 50 per sq.ft in 2007, a significant increase of 28%. In 2012, the value remained at Rs 300 per sq.ft, which was a 500% increase from the previous revision. However, it dropped to Rs 201 per sq.ft in 2017, a decrease of 33% from 2012. The value then increased to Rs 300 per sq.ft in 2023, followed by the current value of Rs 330 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value for Anand Nagar has increased by 900%. There are no revisions with no figure for this street in the register.

Guideline values in Nanthiambakkam

Nanthiambakkam has a total of 85 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 770 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, which is equal to the current rate for Anand Nagar.

• Ambal Street: Rs 330 per sq.ft (2024)
• Annai Avenue: Rs 330 per sq.ft (2024)
• Annai Rathinamani Nagar/Avenue: Rs 330 per sq.ft (2024)
• A.K.M. Nagar: Rs 330 per sq.ft (2024)
• Anna Nagar: Rs 330 per sq.ft (2024)
• Arulmigu Kongiamman Nagar/Ext: Rs 385 per sq.ft (2024)

Stamp duty and registration fee for property in Anand Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total cost for stamp duty and registration fees to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Anand Nagar?

The Sub Registrar Office that covers Anand Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nanthiambakkam. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations during property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Anand Nagar?

The current guideline value of Anand Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 33 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, marking an overall increase of 900% over the years.

What are the stamp duty rates for property transactions in Anand Nagar?

The stamp duty for property transactions in Anand Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Anand Nagar located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the median guideline value for streets in Nanthiambakkam?

The median guideline value for streets in Nanthiambakkam is Rs 330 per sq.ft, which is also the current rate for Anand Nagar.