Guideline Value for ANANDAMMAL NAGAR

Anandammal Nagar guideline value

The current guideline value of Anandammal Nagar is Rs 2,725 per sq.ft, effective from 1 July 2024. This area is located in Perumbakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Anandammal Nagar has changed

The guideline value of Anandammal Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,725 per sq.ft, an increase from Rs 2,500 per sq.ft in 2023, marking a rise of 9%. Prior to that, the 2017 revision listed the value at Rs 1,675 per sq.ft, which was a significant increase of 49% from the previous value in 2012, which was Rs 2,500 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has increased by 9%. The 2017 revision saw a decrease of 33% from the 2012 figure, before the subsequent increases in 2023 and 2024.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,725 per sq.ft, which is the same as the current guideline value for Anandammal Nagar.

• American Advent Mission Nagar Main Road: Rs 2,725 per sq.ft (2024)
• American Advent Mission Housing Colony: Rs 2,725 per sq.ft (2024)
• aLADIAMMAN KOIL STREET: Rs 2,725 per sq.ft (2024)
• Aks Radiance Phase-II: Rs 3,300 per sq.ft (2024)
• Anna Street: Rs 3,300 per sq.ft (2024)
• Akiravini Street: Rs 850 per sq.ft (2024)

Stamp duty and registration fee for property in Anandammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,725 per sq.ft, the total guideline value would be Rs 27,25,000. The stamp duty at 7% would amount to Rs 1,90,750, and the registration fee at 2% would be Rs 54,500, bringing the total cost for these fees to Rs 2,45,250. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Anandammal Nagar?

Anandammal Nagar is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Perumbakkam

The guideline value is a crucial factor when buying or selling property in Perumbakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes. This helps in ensuring that the property is registered at a value that reflects its worth in the market.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Anandammal Nagar?

The current guideline value of Anandammal Nagar is Rs 2,725 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,725 per sq.ft in 2024, an increase of 9%. It was Rs 1,675 per sq.ft in 2017, showing a 49% increase from the previous value in 2012.

What is the land classification for Anandammal Nagar?

Anandammal Nagar is classified as Residential Special Type - I. This classification indicates the type of development allowed in the area.

What are the stamp duty rates in Anandammal Nagar?

The stamp duty rate in Anandammal Nagar is 7%, while the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price of the property.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.