Guideline Value for ANANI NARASAMMAL NAGAR

Anani Narasammal Nagar guideline value

The current guideline value of Anani Narasammal Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This locality is situated in Mambakkam village, under the jurisdiction of the Madurandakam Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Anani Narasammal Nagar has changed

Over the years, the guideline value of Anani Narasammal Nagar has seen several revisions. The earliest recorded value is from 2012, which was Rs 300 per sq.ft. In 2017, this value decreased to Rs 201 per sq.ft, marking a decline of 33%. However, the value rose significantly to Rs 300 per sq.ft in 2023, and then increased again to Rs 330 per sq.ft in 2024, reflecting a 10% increase from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The value rose by 49% from 2017 to 2023, and from 2023 to 2024, there was a 10% increase. The current guideline value aligns with the median value of Rs 330 per sq.ft for other streets in Mambakkam.

Guideline values in Mambakkam

Mambakkam village has a total of 26 streets under the Madurandakam SRO, with guideline values ranging from Rs 330 to Rs 770 per sq.ft. The median value for these streets is Rs 330 per sq.ft, which is the same as the current guideline value for Anani Narasammal Nagar. Below are the guideline values for other streets in Mambakkam:

• Anna Nagar: Rs 330 per sq.ft (2024)
• Dharshan Nagar: Rs 330 per sq.ft (2024)
• Dr Gs Garden: Rs 770 per sq.ft (2024)
• Mambakkam Bajanaikoil Street: Rs 330 per sq.ft (2024)
• Mambakkam Gurukulam: Rs 330 per sq.ft (2024)
• Mambakkam Kattu Colony: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Anani Narasammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty is calculated at 7%, which equals Rs 23,100, and the registration fee is charged at 2%, amounting to Rs 6,600. Therefore, the total cost for stamp duty and registration fee together is Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anani Narasammal Nagar?

Anani Narasammal Nagar falls under the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Mambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware that the guideline value is used to calculate applicable stamp duty and registration fees.

When a property is bought or sold, the registration office uses the guideline value to ensure that the transaction reflects a fair value for taxation purposes. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Anani Narasammal Nagar?

The current guideline value of Anani Narasammal 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 changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What are the stamp duty and registration fees for property transactions?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 330 per sq.ft incurs a total stamp duty and registration fee of Rs 29,700.

Which Sub Registrar Office covers Anani Narasammal Nagar?

Anani Narasammal Nagar is covered by the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What is the land classification for Anani Narasammal Nagar?

The land classification for Anani Narasammal Nagar is Residential Class I Type - I, indicating its suitability for residential development.