Guideline Value for ANJANI NAGAR

Anjani Nagar guideline value

The current guideline value of Anjani Nagar, located in Pallikaranai village under the Chennai South Joint I SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Anjani Nagar has changed

The guideline value of Anjani Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 104 per sq.ft, which increased to Rs 123 per sq.ft in 2003, marking an 18% rise. By 2007, the value surged to Rs 400 per sq.ft, reflecting a significant increase of 225%. The value remained at Rs 400 per sq.ft until 2012, when it was revised to Rs 1,200 per sq.ft, indicating a 200% increase.

In 2023, the guideline value was Rs 1,200 per sq.ft, with no change from the 2012 revision. The most recent revision in 2024 saw the guideline value rise to Rs 1,320 per sq.ft, a 10% increase from the previous year. The register has no figure for this street in 2017.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,110 to Rs 8,580 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Anjani Nagar is below this median.

• Anjani Nagar Extn.: Rs 1,320 per sq.ft (2024)
• Angel Nagar: Rs 1,320 per sq.ft (2024)
• Angala Parameswari Nagar: Rs 1,320 per sq.ft (2024)
• Angalamman Koil Street: Rs 1,110 per sq.ft (2024)
• Annai Garden: Rs 1,320 per sq.ft (2024)
• Annai Indira 1st Cross Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Anjani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anjani Nagar?

Anjani Nagar falls under 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 information.

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

The guideline value serves as a benchmark for property transactions in Pallikaranai. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees based on the property's value.

It is essential for buyers and sellers to be aware of the guideline value as it impacts the overall cost of the transaction. Proper understanding of the guideline value can help in making informed decisions during property registration.

Frequently asked questions

What is the current guideline value of Anjani Nagar?

The current guideline value of Anjani Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 104 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 1169% over the years.

What is the land classification for Anjani Nagar?

Anjani Nagar is classified as Residential Class IV Type - II, which indicates its suitability for residential development.

What are the stamp duty and registration fees for property in Anjani Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,18,800.

Which office handles registrations for Anjani Nagar?

The Chennai South Joint I Sub Registrar Office handles registrations for Anjani Nagar, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.