Guideline Value for ANJANA NAGAR PHASE-II

Anjana Nagar Phase-II guideline value

The current guideline value of Anjana Nagar Phase-II is Rs 102 per sq.ft. This area is located in Pazhaveri village and falls under the Salavakkam SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Anjana Nagar Phase-II has changed

The guideline value for Anjana Nagar Phase-II has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 100 per sq.ft. In 2017, the value decreased to Rs 67 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 100 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 102 per sq.ft, reflecting a 2% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 2%.

Guideline values in Pazhaveri

In Pazhaveri, four streets under the Salavakkam SRO have a guideline value for 2024 ranging from Rs 100 to Rs 102 per sq.ft, with the median being Rs 102 per sq.ft. Anjana Nagar Phase-II's guideline value is equal to this median.

• Anjhanaa Nagar Phase-1: Rs 102 per sq.ft (2024)
• Barani Garden: Rs 100 per sq.ft (2024)
• Sri Sai Avenue: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Anjana Nagar Phase-II

For a 1,000 sq.ft plot at the current rate of Rs 102 per sq.ft, the guideline value amounts to Rs 1,02,000. The stamp duty at 7% would be Rs 7,140, and the registration fee at 2% would be Rs 2,040, making the total Rs 9,180. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anjana Nagar Phase-II?

The Sub Registrar Office that covers Anjana Nagar Phase-II is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Pazhaveri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When you register a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anjana Nagar Phase-II?

The current guideline value of Anjana Nagar Phase-II is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023, and finally to Rs 102 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in Anjana Nagar Phase-II?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would be Rs 9,180, which includes Rs 7,140 for stamp duty and Rs 2,040 for the registration fee.

Which office handles registrations for Anjana Nagar Phase-II?

The Salavakkam Sub Registrar Office is responsible for handling registrations for Anjana Nagar Phase-II, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is the guideline value determined for property transactions?

The guideline value is determined based on revisions made by the Registration Department, which considers various factors related to the property and its location. It serves as a reference point for calculating stamp duty and registration fees during property transactions.