Guideline Value for ANIL NAGAR GARDEN

Anil Nagar Garden guideline value

The current guideline value of Anil Nagar Garden is Rs 3,900 per sq.ft, effective from 1 July 2024. This property is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Anil Nagar Garden has changed

The guideline value of Anil Nagar Garden has seen significant changes over the years. The 2017 revision recorded a value of Rs 2,345 per sq.ft, which increased to Rs 3,500 per sq.ft in the 2023 revision. The most recent 2024 revision shows a further increase to Rs 3,900 per sq.ft, marking an 11% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 66%.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The 2023 to 2024 increase of 11% follows a substantial rise of 49% from 2017 to 2023, indicating a notable upward trend in the guideline values over the years.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are a total of 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for this area is Rs 2,200 per sq.ft, placing Anil Nagar Garden's 2024 figure above this median.

• Anil Metha Thottam: Rs 1,700 per sq.ft (2024)
• Annai Indira 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Annai Indira 1st Street: Rs 2,200 per sq.ft (2024)
• Annai Indira 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Annai Indira 2nd Street: Rs 2,200 per sq.ft (2024)
• Annai Indira Gandhi Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Anil Nagar Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total cost for these fees to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anil Nagar Garden?

The Sub Registrar Office that covers Anil Nagar Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role in the registration process of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Anil Nagar Garden?

The current guideline value of Anil Nagar Garden is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,345 per sq.ft in 2017 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 66% over this period.

What are the stamp duty rates for properties in Anil Nagar Garden?

The stamp duty for properties in Anil Nagar Garden is charged at 7% of the guideline value or the sale price, whichever is higher.

What is the registration fee for properties in this area?

The registration fee for properties in Anil Nagar Garden is 2% of the guideline value or the sale price, whichever is higher.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.