Guideline Value for ANAND NAGAR

Anand Nagar guideline value

The current guideline value of Anand Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Vichoor village under the Thiruvottiyur SRO, classified as Residential Class I Type - III.

How the guideline value of Anand Nagar has changed

The guideline value for Anand Nagar has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 300 per sq.ft. In 2017, the value decreased to Rs 201 per sq.ft, marking a reduction of 33%. However, by 2023, the value increased significantly to Rs 300 per sq.ft, followed by a further increase to Rs 330 per sq.ft in 2024, which is a 10% rise from the previous year.

Between the revisions, the 2023 to 2024 change was an increase of 10%, while the jump from 2017 to 2023 saw a notable rise of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vichoor

In Vichoor, there are 45 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft, with a median value of Rs 485 per sq.ft. Anand Nagar's current value is below this median.

• A.M.Garden: Rs 330 per sq.ft (2024)
• Annai Indra Gandhi Nagar: Rs 440 per sq.ft (2024)
• Arul Murugan Nagar/ Ext / All Phases: Rs 330 per sq.ft (2024)
• Bhoobalan Nagar: Rs 330 per sq.ft (2024)
• Chandra Avenue: Rs 440 per sq.ft (2024)
• Chandra Nagar: Rs 440 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 amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees together 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anand Nagar?

The Anand Nagar area falls under 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 Vichoor

The guideline value is a crucial factor during the registration of property transactions in Vichoor. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's assessed 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 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the land classification for Anand Nagar?

Anand Nagar is classified as Residential Class I Type - III under the Thiruvottiyur SRO.

Where can I find the Thiruvottiyur Sub Registrar Office?

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

How is stamp duty calculated in Anand Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 3,30,000, the stamp duty at 7% would be Rs 23,100.