Guideline Value for ANANDAM GARDEN

Anandam Garden guideline value

The current guideline value of Anandam Garden is Rs 200 per sq.ft, effective from 1 July 2024. This locality is situated in Morapakkam village, under the Madurandakam SRO, with a land classification of Residential Special Type - I.

How the guideline value of Anandam Garden has changed

The guideline value of Anandam Garden has undergone several revisions over the years. From the 2012 revision, which was set at Rs 200 per sq.ft, the value decreased to Rs 134 per sq.ft in 2017, marking a decline of 33%. However, the value rebounded to Rs 200 per sq.ft in both the 2023 and 2024 revisions, indicating no change from the previous year and an overall stability since 2012.

Notably, there are no figures recorded for the years 2002, 2003, and 2007 for this street. The significant change from 2017 to 2023 was an increase of 49%, bringing the value back to its previous level of Rs 200 per sq.ft.

Guideline values in Morapakkam

In Morapakkam, there are 12 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 400 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, which is equal to the current value of Anandam Garden.

• High Quality City: Rs 100 per sq.ft (2024)
• J K Avenue: Rs 200 per sq.ft (2024)
• Krishna Avenue Extension-I: Rs 200 per sq.ft (2024)
• Krishna Avenue Ext - I: Rs 200 per sq.ft (2024)
• Krishna Nagar: Rs 200 per sq.ft (2024)
• Roja Nagar Part -I: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Anandam Garden

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, while the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Anandam Garden?

The Sub Registrar Office that covers Anandam Garden is 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 Morapakkam

The guideline value plays a crucial role in the registration process of property transactions in Morapakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the negotiated sale price.

When buying or selling property, it is essential to be aware of the guideline value, as it directly impacts the financial obligations involved in the transaction. Buyers should consider this value when budgeting for their property purchases, while sellers must account for it when setting their asking prices.

Frequently asked questions

What is the current guideline value of Anandam Garden?

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

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 200 per sq.ft from 2012 to 2024, with a decrease to Rs 134 per sq.ft in 2017 and an increase back to Rs 200 in 2023 and 2024.

What is the land classification of Anandam Garden?

Anandam Garden is classified as Residential Special Type - I, which indicates its suitability for residential development.

Where is the Sub Registrar Office for Anandam Garden located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the stamp duty calculated for property in Anandam Garden?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000.