Guideline Value for ANAND NAGAR

Anand Nagar guideline value

The current guideline value of Anand Nagar, located in Kaavithandalam village under the Chengleput Joint II SRO, is Rs 200 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Anand Nagar has changed

The guideline value for Anand Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 25 per sq.ft, which increased significantly to Rs 200 per sq.ft in 2012. However, it saw a decrease to Rs 134 per sq.ft in 2017. From 2017 to 2023, the value rose by 49% to Rs 200 per sq.ft, which remained unchanged in the 2024 revision.

There are no figures available for the years 2002 and 2003 for Anand Nagar. Overall, the guideline value has increased by 700% from Rs 25 per sq.ft in 2007 to Rs 200 per sq.ft in 2024.

Guideline values in Kaavithandalam

In Kaavithandalam, there are 12 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 134 to Rs 1,500 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value of Anand Nagar is below this median.

• Djn Nagar Extn -1: Rs 600 per sq.ft (2024)
• Madurai Veeran Nagar: Rs 200 per sq.ft (2024)
• Padma Nagar: Rs 134 per sq.ft (2024)
• Thirumalai Nagar: Rs 200 per sq.ft (2024)
• THIRUMALAI NAGAR ext1: Rs 200 per sq.ft (2024)
• Venkatesh Nagar: Rs 200 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, resulting in Rs 14,000, while the registration fee at 2% amounts to Rs 4,000. Together, the total cost for stamp duty and registration fee is Rs 18,000. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anand Nagar?

The Anand Nagar area falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Kaavithandalam. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is assessed to calculate the necessary fees. This ensures that both parties are aware of the financial implications associated with the transaction, making it an essential aspect of property dealings in the region.

Frequently asked questions

What is the current guideline value of Anand Nagar?

The current guideline value of Anand Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 25 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, decreased to Rs 134 per sq.ft in 2017, and then returned to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification for Anand Nagar?

Anand Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 2,00,000, the total fees would amount to Rs 18,000.

Which office handles property registration for Anand Nagar?

The Chengleput Joint II Sub Registrar Office handles property registration for Anand Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.