Guideline Value for ANJELA NAGAR

Anjela Nagar guideline value

The current guideline value of Anjela Nagar, located in Kosappur village under the Thiruvottiyur SRO, is Rs 1,002 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - II land classification.

How the guideline value of Anjela Nagar has changed

The guideline value for Anjela Nagar has seen significant changes over the years. The register indicates that in 2002, the value was Rs 19 per sq.ft. This increased to Rs 21 per sq.ft in 2003, marking an increase of 11%. By 2007, the value rose to Rs 200 per sq.ft, reflecting a substantial increase of 852%. In 2012, it further increased to Rs 300 per sq.ft, a 50% rise from the previous revision. However, there was a decrease to Rs 201 per sq.ft in 2017, which represented a decline of 33% from 2012.

From 2017 to 2023, the guideline value surged to Rs 1,002 per sq.ft, an increase of 399%. The value remained unchanged from 2023 to 2024, maintaining the rate at Rs 1,002 per sq.ft. Overall, from 2002 to 2024, the guideline value has increased by 5,174%.

Guideline values in Kosappur

Kosappur village has 25 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 1,600 per sq.ft. The median guideline value for these streets is Rs 1,002 per sq.ft, which is the same as the current value for Anjela Nagar.

• Angilo Nagar-2: Rs 1,002 per sq.ft (2024)
• Coramondal Green City: Rs 1,040 per sq.ft (2024)
• Donbosco Nagar: Rs 1,002 per sq.ft (2024)
• Dr.AMBETKAR NAGAR: Rs 1,000 per sq.ft (2024)
• Gnanaguru Nagar: Rs 1,002 per sq.ft (2024)
• Jain Nagar: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Anjela Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040. Therefore, the total cost for stamp duty and registration would be Rs 90,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Anjela Nagar?

The Sub Registrar Office that covers Anjela Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more details, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kosappur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must refer to the current guideline value to ensure accurate calculations of these fees.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Anjela Nagar?

The current guideline value of Anjela Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 19 per sq.ft in 2002 to Rs 1,002 per sq.ft in 2024, marking an overall increase of 5,174%.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would be Rs 90,180.

Which office handles property registrations in Anjela Nagar?

The Thiruvottiyur Sub Registrar Office handles property registrations for Anjela Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification of Anjela Nagar?

Anjela Nagar is classified as Residential Special Type - II according to the current land classification regulations.