Guideline Value for ANJANEYA NAGAR-EXT-1

Anjaneya Nagar-Ext-1 guideline value

The current guideline value of Anjaneya Nagar-Ext-1 is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Nelvay village under the Oothukkottai SRO and is classified as Residential Class I Type - I.

How the guideline value of Anjaneya Nagar-Ext-1 has changed

Over the years, the guideline value for Anjaneya Nagar-Ext-1 has seen several revisions. The 2012 revision set the value at Rs 80 per sq.ft, which was then decreased to Rs 54 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 85% to reach Rs 100 per sq.ft. The 2023 revision maintained this value, with no change noted in the subsequent 2024 revision.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, there has been a 25% increase in the guideline value.

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. This street's 2024 figure is equal to the median value of Rs 100 per sq.ft for the village.

• Anjaneya Nagar-Phase-3: Rs 100 per sq.ft (2024)
• Anjaneya Nagar-2: 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-Ext-1

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total 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, bringing the total fees to Rs 9,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anjaneya Nagar-Ext-1?

The Anjaneya Nagar-Ext-1 area is covered by 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 Nelvay

The guideline value is a critical factor 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 helps ensure that the transaction is registered at a fair value, which is essential for both the buyer and seller. This value is used by the registration department to calculate the necessary fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Anjaneya Nagar-Ext-1?

The current guideline value of Anjaneya Nagar-Ext-1 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 80 per sq.ft in 2012 to Rs 54 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023 and has remained the same in 2024.

What is the land classification for Anjaneya Nagar-Ext-1?

Anjaneya Nagar-Ext-1 is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Oothukkottai Sub Registrar Office?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 100 per sq.ft, the total fees would amount to Rs 9,000.