Guideline Value for ANANDHA NAGAR

Anandha Nagar guideline value

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

How the guideline value of Anandha Nagar has changed

In the 2017 revision, the guideline value was set at Rs 201 per sq.ft. This figure increased significantly to Rs 300 per sq.ft in the 2023 revision, marking a change of 49%. The most recent revision in 2024 saw the guideline value rise to Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 for Anandha Nagar. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO, with guideline values ranging from Rs 220 to Rs 462 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, placing Anandha Nagar's 2024 figure at the median.

• Amudha Nagar: Rs 330 per sq.ft (2024)
• Amudham Colony: Rs 330 per sq.ft (2024)
• Andal Thirunagar: Rs 330 per sq.ft (2024)
• Ambani Nagar -II: Rs 275 per sq.ft (2024)
• Annai Avenue: Rs 330 per sq.ft (2024)
• Alamelu Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Anandha Nagar

For a 1,000 sq.ft plot at the current rate of Rs 330 per sq.ft, the 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 to Rs 29,700. 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 more details.

Which Sub Registrar Office covers Anandha Nagar?

The Anandha Nagar area falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To locate your nearest office, you can find your SRO.

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

The guideline value serves as a benchmark for property transactions in Anandha Nagar and the surrounding areas. When registering a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is important for buyers and sellers to be aware of the guideline value, as it can influence the overall cost of a property transaction. Accurate knowledge of the guideline value helps in understanding the financial implications of buying or selling property in Athipattu.

Frequently asked questions

What is the current guideline value of Anandha Nagar?

The current guideline value of Anandha 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 seen several revisions: Rs 201 per sq.ft in 2017, Rs 300 per sq.ft in 2023, and Rs 330 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the registration office for Anandha Nagar?

Anandha Nagar is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated in Anandha Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 23,100.

What is the land classification of Anandha Nagar?

Anandha Nagar is classified as Residential Class I Type - I. This classification influences the guideline value and potential uses of the property.