Guideline Value for ANANTHA VINIYAGA NAGAR

Anantha Viniyaga Nagar guideline value

The current guideline value of Anantha Viniyaga Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Perumattu Nellore village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - II.

How the guideline value of Anantha Viniyaga Nagar has changed

The guideline value for Anantha Viniyaga Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 80 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, the value then decreased to Rs 469 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have maintained the guideline value at Rs 700 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The rise from 2007 to 2012 was substantial at 775%, while the decrease from 2012 to 2017 was 33%. Overall, the guideline value has increased by 775% from 2007 to 2024.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,850 per sq.ft, with the median being Rs 700 per sq.ft. Anantha Viniyaga Nagar's 2024 figure aligns with this median.

• Annai Meenakshi Nagar: Rs 700 per sq.ft (2024)
• A.K.S. Avenue: Rs 500 per sq.ft (2024)
• A.K.Garden: Rs 800 per sq.ft (2024)
• Aishwaryam Enclave Phase - II: Rs 1,800 per sq.ft (2024)
• Aishwaryam Enclave Phase - I: Rs 1,800 per sq.ft (2024)
• Adhvan Enclave: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Anantha Viniyaga Nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It's 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 Anantha Viniyaga Nagar?

The Sub Registrar Office covering Anantha Viniyaga Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor when registering property transactions in Perumattu Nellore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Anantha Viniyaga Nagar?

The current guideline value of Anantha Viniyaga Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, decreased to Rs 469 per sq.ft in 2017, and has remained at Rs 700 per sq.ft in both 2023 and 2024.

What is the land classification for Anantha Viniyaga Nagar?

Anantha Viniyaga Nagar is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for Anantha Viniyaga Nagar?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for property in Anantha Viniyaga Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.