Guideline Value for ANJANEYAR NAGAR PHASE II

Anjaneyar Nagar Phase II guideline value

The current guideline value of Anjaneyar Nagar Phase II is Rs 1,870 per sq.ft, effective from 1 July 2024. This area is located in Jelandianpettai village and falls under the Chennai South Joint I SRO. The land classification for this locality is Residential Class III Type - I.

How the guideline value of Anjaneyar Nagar Phase II has changed

The guideline value for Anjaneyar Nagar Phase II has seen several revisions over the years. The 2007 revision set the value at Rs 300 per sq.ft, which increased significantly to Rs 1,700 per sq.ft in 2012. However, a decrease was noted in the 2017 revision, bringing the value down to Rs 1,139 per sq.ft. The 2023 revision saw a substantial increase to Rs 1,700 per sq.ft, followed by a further rise to Rs 1,870 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 523%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which means that Anjaneyar Nagar Phase II's 2024 figure is below this median.

• Anjaneyar Nagar Phase 1: Rs 2,200 per sq.ft (2024)
• Anjineyar Nagar: Rs 2,200 per sq.ft (2024)
• Andal Nagar: Rs 1,320 per sq.ft (2024)
• Annai Nagar: Rs 2,750 per sq.ft (2024)
• Annaitherasa Street: Rs 2,200 per sq.ft (2024)
• Annamalai Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Anjaneyar Nagar Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, while the registration fee at 2% would be Rs 37,400, bringing the total cost together to Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Anjaneyar Nagar Phase II?

The Sub Registrar Office that covers Anjaneyar Nagar Phase II is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Jelandianpettai. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Anjaneyar Nagar Phase II?

The current guideline value of Anjaneyar Nagar Phase II is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,870 per sq.ft in 2024, reflecting an overall increase of 523% over the years.

What is the land classification for Anjaneyar Nagar Phase II?

Anjaneyar Nagar Phase II is classified as Residential Class III Type - I.

What is the registration office for Anjaneyar Nagar Phase II?

The registration office for Anjaneyar Nagar Phase II is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Anjaneyar Nagar Phase II?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 18,70,000 would incur a stamp duty of Rs 1,30,900 at a rate of 7%.