Guideline Value for ANANDHAM NAGAR

Anandham Nagar guideline value

The current guideline value of Anandham Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Vedavakkam village under the Madurandakam SRO, classified as Residential Special Type - III.

How the guideline value of Anandham Nagar has changed

Over the years, the guideline value of Anandham Nagar has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 150 per sq.ft. The 2017 revision was notably different, with a value of Rs 100 per sq.ft, marking a decrease of 33% from the previous 2012 figure. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the value increased by 50%, bringing it back to Rs 150 per sq.ft. As of the 2024 revision, the guideline value remains unchanged at Rs 150 per sq.ft, resulting in an overall change of 0% from the 2012 figure to the 2024 figure.

Guideline values in Vedavakkam

In Vedavakkam, six streets under the Madurandakam SRO have a 2024 guideline value ranging from Rs 100 to Rs 200 per sq.ft, with a median of Rs 150 per sq.ft. Anandham Nagar's 2024 guideline value aligns with this median.

• Guberamangala Nagar: Rs 100 per sq.ft (2024)
• Sri Thirumala Garden: Rs 126 per sq.ft (2024)
• Vasantham Nagar Phase I: Rs 200 per sq.ft (2024)
• Vgp Gold Fields: Rs 200 per sq.ft (2024)
• Wings Pon Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Anandham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total Rs 13,500. It is important to note that 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 Anandham Nagar?

Anandham Nagar falls under the jurisdiction of 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 Vedavakkam

The guideline value is a crucial factor in property transactions in Vedavakkam, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration office will use the guideline value to calculate applicable duties and fees.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Anandham Nagar?

The current guideline value of Anandham Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft since 2012, with a decrease to Rs 100 per sq.ft in 2017 and a return to Rs 150 per sq.ft in 2023. The 2024 revision continues this value.

What is the land classification for Anandham Nagar?

Anandham Nagar is classified as Residential Special Type - III, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Anandham Nagar?

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

How is the stamp duty calculated for property in Anandham Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 10,500.