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 is located in Vembedu village, under the Oothukkottai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Anjaa Nagar has changed

The guideline value for Anjaa Nagar has seen significant changes over the years. The register shows that the value was Rs 47 per sq.ft in the 2017 revision. It remained at Rs 100 per sq.ft in the 2023 revision and continues at the same rate in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2023 revision, the guideline value increased by 113%. The overall change from 2017 to 2024 is also a rise of 113%, as the value has remained constant at Rs 100 per sq.ft since 2023.

Guideline values in Vembedu

In Vembedu, three streets under the Oothukkottai SRO have a guideline value of Rs 100 per sq.ft for 2024, with Anjaa Nagar's figure aligning with the median of Rs 100 per sq.ft. The other streets in Vembedu include:

• M.T.C. Nagar: Rs 100 per sq.ft (2024)
• Unnamed Layout: 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 guideline value of Rs 100 per sq.ft, the total 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, resulting in a total of Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Anjaa Nagar?

The Sub Registrar Office that covers Anjaa Nagar is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Vembedu, as it determines the minimum value at which the property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

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 has changed from Rs 47 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, with a 113% increase overall from 2017 to 2024.

What are the other streets in Vembedu with the same guideline value?

Other streets in Vembedu with a guideline value of Rs 100 per sq.ft for 2024 include M.T.C. Nagar and Unnamed Layout.

How is stamp duty calculated in Anjaa Nagar?

Stamp duty in Anjaa Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 1,00,000, the stamp duty would be Rs 7,000.

Where is the Sub Registrar Office for Anjaa Nagar located?

The Sub Registrar Office for Anjaa Nagar is located near the government hospital in Uthukottai, 602026, Chennai registration zone.