Guideline Value for ANSAR NAGAR

Ansar Nagar guideline value

The current guideline value of Ansar Nagar, located in Vedanthangal village under the Madurandakam SRO, is Rs 150 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Ansar Nagar has changed

Looking at the revisions over the years, the guideline value for Ansar Nagar has seen several changes. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 100 per sq.ft. This was a decrease of 33%. However, the value increased by 50% in the 2023 revision to reach Rs 150 per sq.ft again. The 2024 revision has maintained this value, showing no change from 2023.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only recorded revisions are from 2012, 2017, 2023, and 2024, with the current guideline value being equal to the median of Rs 150 per sq.ft for Vedanthangal village.

Guideline values in Vedanthangal

In Vedanthangal, there are five streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 150 per sq.ft. The median value is Rs 150 per sq.ft, which is the same as Ansar Nagar's current rate. The following are the guideline values for other streets in Vedanthangal:

• Jeyam Nagar: Rs 100 per sq.ft (2024)
• Park City: Rs 100 per sq.ft (2024)
• Sri Selvavinayagar Nagar: Rs 150 per sq.ft (2024)
• new Jayam Nagar Part -III: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Ansar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total fees together Rs 13,500. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ansar Nagar?

The Sub Registrar Office that covers Ansar Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical component in the property registration process in Vedanthangal. It serves as a benchmark for determining the minimum value of a property during registration, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property, which can aid in negotiations and ensure compliance with legal requirements. It is essential to consider the guideline value when planning any real estate transactions in the area.

Frequently asked questions

What is the current guideline value of Ansar Nagar?

The current guideline value of Ansar Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then increased to Rs 150 per sq.ft in 2023 and has remained the same in 2024.

What is the land classification for Ansar Nagar?

Ansar Nagar is classified as Residential Special Type - I. This classification is important for determining the usage and potential development of the land.

Where is the Sub Registrar Office for Ansar Nagar located?

The Madurandakam Sub Registrar Office, which covers Ansar Nagar, is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the stamp duty calculated for property in Ansar Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 at a rate of 7%.