Guideline Value for ANJINEYAR NAGAR

Anjineyar Nagar guideline value

The current guideline value of Anjineyar Nagar, located in Jelandianpettai village, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Anjineyar Nagar has changed

Over the years, the guideline value for Anjineyar Nagar has seen several revisions. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, an increase from Rs 2,000 per sq.ft in the 2023 revision, marking a 10% rise. Before that, in 2017, the value was Rs 1,340 per sq.ft, which means there was a significant increase of 49% to reach the 2023 figure. The 2012 revision also recorded a value of Rs 2,000 per sq.ft, a decrease of 33% from the previous 2017 figure.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the guideline value of Anjineyar Nagar. Below are the guideline values for other streets in Jelandianpettai:

• Anjaneyar Nagar Phase II: Rs 1,870 per sq.ft (2024)
• Anjaneyar Nagar Phase 1: 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 Anjineyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Anjineyar Nagar?

Anjineyar 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 details.

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

The guideline value is a crucial factor in property transactions in Jelandianpettai. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are mandatory costs incurred during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations related to property transactions. Accurate knowledge of these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Anjineyar Nagar?

The current guideline value of Anjineyar Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, a 10% increase. It was Rs 1,340 per sq.ft in 2017, showing a 49% increase to the 2023 figure.

What is the land classification of Anjineyar Nagar?

Anjineyar Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty rates for property in Anjineyar Nagar?

The stamp duty for property in Anjineyar Nagar is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the guideline value.

Where is the Sub Registrar Office for Anjineyar Nagar located?

The Sub Registrar Office for Anjineyar Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.