Guideline Value for ANANTHALAKSHMI NAGAR EXTENSION

Ananthalakshmi Nagar Extension guideline value

The current guideline value of Ananthalakshmi Nagar Extension is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Korattur village, under the Villivakkam Sub Registrar Office (SRO). The land classification for this property is Residential Class III Type - III.

How the guideline value of Ananthalakshmi Nagar Extension has changed

The guideline value for Ananthalakshmi Nagar Extension has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 375 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, marking a 300% rise. However, the value dropped to Rs 1,005 per sq.ft in 2017, which was a decrease of 33%. The 2023 revision set the value at Rs 1,500 per sq.ft, and the latest revision in 2024 raised it to Rs 1,600 per sq.ft, reflecting a 7% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 327%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value is Rs 2,500 per sq.ft, indicating that the 2024 figure for Ananthalakshmi Nagar Extension is below this median.

• Ananthalakshmi Nagar: Rs 1,600 per sq.ft (2024)
• Anand Garden: Rs 1,600 per sq.ft (2024)
• Anbu Nagar: Rs 2,100 per sq.ft (2024)
• Andal Koil Street (Madanankuppam): Rs 1,600 per sq.ft (2024)
• Andal Nagar: Rs 1,300 per sq.ft (2024)
• Amman Koil Street @ Nagathamman Koil Street (Thanthankuppam): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ananthalakshmi Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, while the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It is essential 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 details.

Which Sub Registrar Office covers Ananthalakshmi Nagar Extension?

The Ananthalakshmi Nagar Extension falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

When purchasing or selling property in Korattur, the guideline value is a crucial factor as it determines the applicable stamp duty and registration fees. Buyers must be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations during the registration process.

Additionally, the guideline value serves as a reference point for property transactions within the area. It is important for both buyers and sellers to understand this value to ensure that they are making informed decisions during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Ananthalakshmi Nagar Extension?

The current guideline value of Ananthalakshmi Nagar Extension is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 375 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 327% over the years.

What is the land classification for Ananthalakshmi Nagar Extension?

Ananthalakshmi Nagar Extension is classified as Residential Class III Type - III.

Where is the Villivakkam Sub Registrar Office located?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated for properties in Ananthalakshmi Nagar Extension?

Stamp duty for properties in Ananthalakshmi Nagar Extension is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 16,00,000 would incur a stamp duty of Rs 1,12,000.