Guideline Value for ANANDAM NAGAR

Anandam Nagar guideline value

The current guideline value of Anandam Nagar, located in Puthakaram village under the Walajabad SRO, is Rs 200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Anandam Nagar has changed

The guideline value for Anandam Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 200 per sq.ft. This remained unchanged until the next revision in 2017, where it decreased to Rs 134 per sq.ft. However, by 2023, the value had risen significantly to Rs 200 per sq.ft, maintaining this figure in the 2024 revision as well. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, there was a substantial increase of 49%. Overall, when comparing the values from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft.

Guideline values in Puthakaram

Puthakaram village features a range of guideline values across its streets. The 2024 figures for the 10 streets under the Walajabad SRO vary from Rs 150 to Rs 300 per sq.ft, with the median value also being Rs 200 per sq.ft. Anandam Nagar's current guideline value aligns perfectly with this median.

• Anboli Nagar: Rs 300 per sq.ft (2024)
• Harsha Avenue: Rs 200 per sq.ft (2024)
• Indraprastha: Rs 200 per sq.ft (2024)
• Nandhavanam: Rs 200 per sq.ft (2024)
• P.J.R Green Lands: Rs 150 per sq.ft (2024)
• Sai Thiruchandur Murugan Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Anandam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, leading to a total of Rs 18,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Anandam Nagar?

Anandam Nagar falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puthakaram. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction reflects a fair value for taxation purposes. This helps maintain transparency and compliance with local regulations during property transfers.

Frequently asked questions

What is the current guideline value of Anandam Nagar?

The current guideline value of Anandam 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 remained at Rs 200 per sq.ft in 2012, 2023, and 2024. It decreased to Rs 134 per sq.ft in 2017 and increased by 49% from 2017 to 2023.

What is the land classification for Anandam Nagar?

Anandam Nagar is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Anandam Nagar is set at 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more information by visiting the appropriate link.