Guideline Value for ANJANEYA NAGAR-2

Anjaneya Nagar-2 guideline value

The current guideline value of Anjaneya Nagar-2 in Nelvay village, under the Oothukkottai SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Anjaneya Nagar-2 has changed

The guideline value for Anjaneya Nagar-2 has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 100 per sq.ft, unchanged from the 2023 revision. Prior to this, in 2017, the guideline value was Rs 54 per sq.ft, marking an increase of 85% when compared to the 2023 figure. The 2012 revision set the value at Rs 80 per sq.ft, which reflects a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 25%.

It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street. Therefore, the last recorded values before 2012 were not available. The consistent guideline value of Rs 100 per sq.ft since 2023 indicates stability in this area.

Guideline values in Nelvay

In Nelvay village, there are eight streets under the Oothukkottai SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft, with the median also being Rs 100 per sq.ft. Anjaneya Nagar-2's 2024 figure aligns perfectly with this median.

• Anjaneya Nagar-Ext-1: Rs 100 per sq.ft (2024)
• Anjaneya Nagar-Phase-3: Rs 100 per sq.ft (2024)
• Sakthi Venkateswara Nargar-Phase-1: Rs 100 per sq.ft (2024)
• Sri Anandha Nagar: Rs 100 per sq.ft (2024)
• Sri Balaji Nagar: Rs 100 per sq.ft (2024)
• Sri Padmavathi Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Anjaneya Nagar-2

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

Which Sub Registrar Office covers Anjaneya Nagar-2?

The Sub Registrar Office that covers Anjaneya Nagar-2 is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nelvay. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is often used to ensure that the transaction is recorded accurately and fairly. This helps maintain transparency in property dealings and ensures that all parties are aware of the costs involved.

Frequently asked questions

What is the current guideline value of Anjaneya Nagar-2?

The current guideline value of Anjaneya Nagar-2 is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft from 2023 to 2024. It increased from Rs 54 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, and it was Rs 80 per sq.ft in 2012.

What are the stamp duty and registration fees for property in Anjaneya Nagar-2?

For a 1,000 sq.ft plot at the guideline value of Rs 100 per sq.ft, the total stamp duty and registration fees would amount to Rs 9,000, which includes Rs 7,000 for stamp duty and Rs 2,000 for registration fees.

Which Sub Registrar Office covers Anjaneya Nagar-2?

The Oothukkottai Sub Registrar Office covers Anjaneya Nagar-2, located near the government hospital in Uthukottai, 602026, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees when buying or selling property. It ensures that the transaction is recorded accurately and helps maintain transparency in property dealings.