Guideline Value for ANJANEYA NAGAR

Anjaneya Nagar guideline value

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

How the guideline value of Anjaneya Nagar has changed

The guideline value for Anjaneya Nagar has undergone several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 100 per sq.ft, the same as the 2023 revision. Prior to these, the 2017 revision set the value at Rs 67 per sq.ft, marking a significant increase of 49% from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Thus, the only revisions that provide figures are from 2017, 2023, and 2024.

Guideline values in Nerkundram

Anjaneya Nagar shares the same guideline value of Rs 100 per sq.ft as other streets in Nerkundram. Here are the guideline values for other streets in Nerkundram:

• Annai Gomathy Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Anjaneya Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, totaling Rs 7,000, while the registration fee is 2%, amounting to Rs 2,000. Together, the total cost for these fees would be Rs 9,000. It is important to note that 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 precise calculations based on your property details.

Which Sub Registrar Office covers Anjaneya Nagar?

The Sub Registrar Office that covers Anjaneya Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Nerkundram, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. The guideline value serves as a reference point for both parties involved in the transaction.

Frequently asked questions

What is the current guideline value of Anjaneya Nagar?

The current guideline value of Anjaneya 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 remained at Rs 100 per sq.ft from 2023 to 2024, while it increased by 49% from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023.

What is the land classification for Anjaneya Nagar?

Anjaneya Nagar is classified under Residential Class II Type - I.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in Anjaneya Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 1,00,000 would incur a stamp duty of Rs 7,000.