Guideline Value for ANANDHAM NAGAR

Anandham Nagar guideline value

The current guideline value of Anandham Nagar, located in Siyamangalam village under the Walajabad SRO, is Rs 300 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - I land classification.

How the guideline value of Anandham Nagar has changed

The guideline value for Anandham Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 370 per sq.ft, which was then reduced to Rs 248 per sq.ft in the 2017 revision. This marked a significant decrease of 33%. However, from 2017 to 2023, the value increased by 21%, stabilizing at Rs 300 per sq.ft, which remained unchanged in the 2024 revision.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 figure to the current 2024 value shows a decrease of 19%.

Guideline values in Siyamangalam

Siyamangalam village has a total of 12 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 371 per sq.ft. The median value for these streets is Rs 300 per sq.ft, making Anandham Nagar's current figure equal to this median.

• Anugragham Nagar Ext: Rs 250 per sq.ft (2024)
• Anugraham Nagar: Rs 250 per sq.ft (2024)
• Iyappa Nagar Group II: Rs 300 per sq.ft (2024)
• Pokisham Nagar: Rs 250 per sq.ft (2024)
• Sri Annamalaiyar Nagar: Rs 300 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 250 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Anandham Nagar?

The Sub Registrar Office that covers Anandham Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Siyamangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value ensures that the transaction is documented at a fair value, which is essential for both the buyer and seller. It helps in maintaining transparency in property dealings and ensures compliance with the local regulations.

Frequently asked questions

What is the current guideline value of Anandham Nagar?

The current guideline value of Anandham Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the 2012 figure at Rs 370 per sq.ft, which decreased to Rs 248 per sq.ft in 2017. It then increased to Rs 300 per sq.ft in 2023 and has remained the same in 2024.

What is the land classification of Anandham Nagar?

Anandham Nagar falls under the Residential Special Type - I land classification, which is relevant for property transactions in the area.

How is stamp duty calculated for properties in Anandham Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.

Where is the Sub Registrar Office for Anandham Nagar located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone, and it is the office that covers Anandham Nagar.