Guideline Value for ANJUGAM NAGAR--1

Anjugam Nagar--1 guideline value

The current guideline value of Anjugam Nagar--1 is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Thiruvottiyur village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Anjugam Nagar--1 has changed

The guideline value for Anjugam Nagar--1 has seen several revisions over the years. In 2007, the guideline value was Rs 800 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 275% rise. However, this value dropped to Rs 2,010 per sq.ft in 2017, representing a decrease of 33%. The value then rose to Rs 3,000 per sq.ft in 2023, followed by a further increase to Rs 3,300 per sq.ft in 2024, reflecting a 10% change.

Overall, from 2007 to 2024, the guideline value has increased by 313%. The revisions for the years 2002 and 2003 do not have figures recorded for this street.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Anjugam Nagar--1 matches this median.

• Anjugam Nagar--2: Rs 3,300 per sq.ft (2024)
• Anna Colony: Rs 3,700 per sq.ft (2024)
• Annai Gengammal Street: Rs 1,300 per sq.ft (2024)
• Amsa Thottam: Rs 3,300 per sq.ft (2024)
• Annamalai Nagars/Streets/Cross Streets: Rs 1,500 per sq.ft (2024)
• Ambigai Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Anjugam Nagar--1

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. 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 details.

Which Sub Registrar Office covers Anjugam Nagar--1?

The Sub Registrar Office that covers Anjugam Nagar--1 is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thiruvottiyur. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall cost of the transaction. The registration process requires that the property be registered at or above the guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Anjugam Nagar--1?

The current guideline value of Anjugam Nagar--1 is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 313% over the years.

What are the stamp duty rates for property in Anjugam Nagar--1?

The stamp duty for property in Anjugam Nagar--1 is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification of Anjugam Nagar--1?

Anjugam Nagar--1 is classified as Residential Special Type - I under the guideline value regulations.