Guideline Value for ANJANEYA NAGAR-PHASE-3

Anjaneya Nagar-Phase-3 guideline value

The current guideline value of Anjaneya Nagar-Phase-3 is Rs 100 per sq.ft. This area is located in Nelvay village and falls under the Oothukkottai SRO. The land classification is Residential Class I Type - I.

How the guideline value of Anjaneya Nagar-Phase-3 has changed

The guideline value for Anjaneya Nagar-Phase-3 has undergone several revisions over the years. The 2012 revision set the value at Rs 80 per sq.ft, which then decreased to Rs 54 per sq.ft in the 2017 revision. Following this, the value saw a significant increase of 85% to reach Rs 100 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

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

Guideline values in Nelvay

In Nelvay village, there are 8 streets under the Oothukkottai SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft, with the median also at Rs 100 per sq.ft. Anjaneya Nagar-Phase-3's 2024 figure is equal to this median.

• Anjaneya Nagar-Ext-1: 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-Phase-3

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

Which Sub Registrar Office covers Anjaneya Nagar-Phase-3?

The Sub Registrar Office that covers Anjaneya Nagar-Phase-3 is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai, 602026. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Nelvay. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value as it impacts the overall cost of the transaction. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, which can affect their financial planning.

Frequently asked questions

What is the current guideline value of Anjaneya Nagar-Phase-3?

The current guideline value of Anjaneya Nagar-Phase-3 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, followed by an increase to Rs 100 per sq.ft in 2023 and remaining the same in 2024.

What are the stamp duty and registration fees for properties in this area?

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.

Where is the Sub Registrar Office located for Anjaneya Nagar-Phase-3?

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

How is the guideline value used in property transactions?

The guideline value is used as a benchmark for property registration, determining the minimum value for registration and the applicable stamp duty and registration fees based on the higher of the guideline value or the sale price.