Guideline Value for ANJHANAA NAGAR PHASE-1

Anjhanaa Nagar Phase-1 guideline value

The current guideline value of Anjhanaa Nagar Phase-1 is Rs 102 per sq.ft, effective from 1 July 2024. This area is located in Pazhaveri village under the Salavakkam SRO, classified as Residential Special Type - I.

How the guideline value of Anjhanaa Nagar Phase-1 has changed

Over the years, the guideline value for Anjhanaa Nagar Phase-1 has seen several revisions. The figures from the revisions are as follows: in 2012, the value was Rs 100 per sq.ft, which then decreased to Rs 67 per sq.ft in 2017. The value increased to Rs 100 per sq.ft in 2023 and is now Rs 102 per sq.ft as of the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The overall change from 2012 to 2024 shows a slight increase of 2%.

Guideline values in Pazhaveri

In Pazhaveri village, there are four streets under the Salavakkam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 102 per sq.ft. The median value across these streets is Rs 102 per sq.ft, which is equal to the guideline value of Anjhanaa Nagar Phase-1.

• Anjana Nagar Phase-II: Rs 102 per sq.ft (2024)
• Barani Garden: Rs 100 per sq.ft (2024)
• Sri Sai Avenue: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Anjhanaa Nagar Phase-1

For a 1,000 sq.ft plot at the current guideline value of Rs 102 per sq.ft, the total guideline value amounts to Rs 1,02,000. The stamp duty at 7% would be Rs 7,140, and the registration fee at 2% would be Rs 2,040, totaling Rs 9,180. 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 details.

Which Sub Registrar Office covers Anjhanaa Nagar Phase-1?

The Sub Registrar Office covering Anjhanaa Nagar Phase-1 is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Pazhaveri. It serves as a benchmark for the minimum value at which a property can be registered.

When a property is sold, the transaction must be registered at the Sub Registrar Office, and the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anjhanaa Nagar Phase-1?

The current guideline value of Anjhanaa Nagar Phase-1 is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then to Rs 100 per sq.ft in 2023, and finally to Rs 102 per sq.ft in 2024.

What is the land classification of Anjhanaa Nagar Phase-1?

Anjhanaa Nagar Phase-1 is classified as Residential Special Type - I under the Salavakkam SRO.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 9,180.

Where is the Sub Registrar Office located for Anjhanaa Nagar Phase-1?

The Salavakkam Sub Registrar Office is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.