Guideline Value for ANITHA NAGAR

Anitha Nagar guideline value

The current guideline value of Anitha Nagar, located in Vellanoor-1 village under the Avadi SRO, is Rs 555 per sq.ft, effective from 1 July 2024. This area falls under Residential Class I Type - I land classification.

How the guideline value of Anitha Nagar has changed

In the 2017 revision, the guideline value was Rs 335 per sq.ft. This figure increased to Rs 500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 555 per sq.ft, which represents an 11% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 66%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vellanoor-1

The village of Vellanoor-1 has 34 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,980 per sq.ft. The median value for these streets is Rs 555 per sq.ft, which is equal to the guideline value of Anitha Nagar.

• Anbu Nagar Annexe: Rs 555 per sq.ft (2024)
• Anbu Nagar: Rs 555 per sq.ft (2024)
• Arch Anthony Nagar: Rs 555 per sq.ft (2024)
• Arubadai Nagar: Rs 440 per sq.ft (2024)
• Bharathi Nagar: Rs 555 per sq.ft (2024)
• Bhavani Nagar: Rs 555 per sq.ft (2024)

Stamp duty and registration fee for property in Anitha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 555 per sq.ft, the total guideline value would be Rs 5,55,000. The stamp duty at 7% would amount to Rs 38,850, and the registration fee at 2% would be Rs 11,100, resulting in a total cost of Rs 49,950. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Anitha Nagar?

Anitha Nagar is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vellanoor-1. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers and sellers should be aware that the duty is charged based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Anitha Nagar?

The current guideline value of Anitha Nagar is Rs 555 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 555 per sq.ft in 2024, reflecting an overall increase of 66% from 2017 to 2024.

What are the stamp duty and registration fees for properties in Anitha Nagar?

For a property valued at Rs 5,55,000, the stamp duty would be Rs 38,850 and the registration fee would be Rs 11,100, totaling Rs 49,950.

Which Sub Registrar Office covers Anitha Nagar?

The Avadi Sub Registrar Office covers Anitha Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the guideline value determined for properties in Vellanoor-1?

The guideline value for properties in Vellanoor-1 is determined based on various factors and is updated periodically. It serves as a reference point for property transactions and is essential for calculating stamp duty and registration fees.