Guideline Value for ANJENEYAR NAGAR

Anjeneyar Nagar guideline value

The current guideline value of Anjeneyar Nagar is Rs 165 per sq.ft, effective from 1 July 2024. This area is located in Nayar village and falls under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Anjeneyar Nagar has changed

The guideline value for Anjeneyar Nagar has seen several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 100 per sq.ft. This increased to Rs 150 per sq.ft in 2023, marking a 50% rise. The most recent revision in 2024 brought the value to Rs 165 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 65%.

Guideline values in Nayar

In Nayar village, there are eight streets under the Ponneri SRO that carry a guideline value of Rs 165 per sq.ft for 2024, with this figure being equal to the median of Rs 165 per sq.ft. Anjeneyar Nagar is among these streets.

• Bharathi Nagar: Rs 165 per sq.ft (2024)
• Bharathi Nagar Garden: Rs 165 per sq.ft (2024)
• Deepam Avenue: Rs 165 per sq.ft (2024)
• Green Park Avenue: Rs 165 per sq.ft (2024)
• Sabharis Garden -I: Rs 165 per sq.ft (2024)
• Sri Balaji Nagar: Rs 165 per sq.ft (2024)

Stamp duty and registration fee for property in Anjeneyar Nagar

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 1,65,000. The stamp duty at 7% would be Rs 11,550, and the registration fee at 2% would be Rs 3,300, making the total fees together Rs 14,850. 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 precise calculations.

Which Sub Registrar Office covers Anjeneyar Nagar?

Anjeneyar Nagar falls under 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 Nayar

The guideline value is a crucial factor when registering property transactions in Nayar. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the sale price alone.

When buying or selling property, the guideline value helps both parties understand the official worth of the property. This ensures transparency in transactions and aids in the smooth processing of registration at the relevant SRO.

Frequently asked questions

What is the current guideline value of Anjeneyar Nagar?

The current guideline value of Anjeneyar Nagar is Rs 165 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 100 per sq.ft to Rs 165 per sq.ft in 2024, marking an overall increase of 65%.

What are the other streets in Nayar with the same guideline value?

Other streets in Nayar with the same guideline value of Rs 165 per sq.ft include Bharathi Nagar, Bharathi Nagar Garden, Deepam Avenue, Green Park Avenue, Sabharis Garden -I, and Sri Balaji Nagar.

What fees apply when registering property in Anjeneyar Nagar?

The fees for registering property in Anjeneyar Nagar include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Anjeneyar Nagar?

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