Guideline Value for ANJAA NAGAR

Anjaa Nagar guideline value

The current guideline value of Anjaa Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under Chembedu village and is registered with the Arani_Tiruvallur SRO. The land classification for Anjaa Nagar is Residential Class V Type - I.

How the guideline value of Anjaa Nagar has changed

The guideline value for Anjaa Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 100 per sq.ft, which was also the figure for the previous year in 2023. Prior to this, the 2017 revision set the value at Rs 47 per sq.ft, marking a significant increase of 113% from 2017 to 2023, and the same percentage increase from 2017 to 2024.

There are no figures available in the register for the years 2002, 2003, 2007, and 2012 for this street. Thus, the only relevant revisions are from 2017, 2023, and 2024.

Guideline values in Chembedu

Anjaa Nagar shares the current guideline value of Rs 100 per sq.ft with other streets in Chembedu. Below are the guideline values for other streets in Chembedu under the Arani_Tiruvallur SRO:

• Srinivasa Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Anjaa Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anjaa Nagar?

The Sub Registrar Office that covers Anjaa Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, 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 Chembedu

The guideline value plays a crucial role in the registration process when buying or selling property in Chembedu. It is the benchmark used by the government to calculate the stamp duty and registration fees based on the property's value.

When a property is sold, the higher amount between the guideline value and the actual sale price is taken into account for these calculations, ensuring that the appropriate taxes are collected based on the property's market standing.

Frequently asked questions

What is the current guideline value of Anjaa Nagar?

The current guideline value of Anjaa Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 47 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, representing a 113% increase over this period.

What are the stamp duty and registration fees for property in Anjaa Nagar?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000.

Which Sub Registrar Office is responsible for Anjaa Nagar?

The Arani_Tiruvallur Sub Registrar Office is responsible for Anjaa Nagar, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.

How is the guideline value determined?

The guideline value is determined by the Registration Department's guideline value register and reflects the government's assessment of property values in the area. It is revised periodically to reflect changes in the market.