Guideline Value for ANJUGAM NAGAR--2

Anjugam Nagar--2 guideline value

The current guideline value of Anjugam Nagar--2 is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Thiruvottiyur village and falls under the Thiruvottiyur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Anjugam Nagar--2 has changed

The guideline value for Anjugam Nagar--2 has undergone several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 400% rise. However, the value decreased to Rs 2,010 per sq.ft in 2017, reflecting a 33% drop. 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 the 2024 revision, which is a 10% rise.

Overall, from 2007 to 2024, the guideline value has increased by 450%. The revisions for the years 2002 and 2003 do not have figures available for this street in the register.

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. The median value is Rs 3,300 per sq.ft, which is equal to the current guideline value of Anjugam Nagar--2.

• Anjugam Nagar--1: 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--2

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to 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 cost for these 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 our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Anjugam Nagar--2?

The Sub Registrar Office that covers Anjugam Nagar--2 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 Thiruvottiyur

The guideline value is a crucial factor in property transactions in Thiruvottiyur. It serves as a benchmark for calculating stamp duty and registration fees when buying or selling property. The guideline value ensures that the government receives the appropriate revenue from property transactions.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Anjugam Nagar--2?

The current guideline value of Anjugam Nagar--2 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 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What are the stamp duty rates for property in Anjugam Nagar--2?

The stamp duty rate for property transactions in Anjugam Nagar--2 is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Anjugam Nagar--2?

The Sub Registrar Office for Anjugam Nagar--2 is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for Anjugam Nagar--2?

Anjugam Nagar--2 is classified as Residential Special Type - I according to the land classification regulations.