Guideline Value for ANSARI NAGAR

Ansari Nagar guideline value

The current guideline value of Ansari Nagar is Rs 600 per sq.ft, as per the 2023 revision. This area falls under Kovalam village, governed by the Thiruporur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ansari Nagar has changed

The guideline value for Ansari Nagar has seen several revisions over the years. In the 2007 revision, the guideline value was set at Rs 100 per sq.ft. This figure increased significantly to Rs 600 per sq.ft in the 2012 revision, marking a 500% rise. However, in the 2017 revision, the value decreased to Rs 402 per sq.ft, reflecting a 33% drop. The most recent revision in 2023 saw the guideline value rise again to Rs 600 per sq.ft, resulting in a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 500%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Kovalam

Currently, there are no specific village figures provided for Kovalam. Ansari Nagar is the only street mentioned in this context. Other streets in Kovalam are not listed.

Stamp duty and registration fee for property in Ansari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important 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 Ansari Nagar?

The Sub Registrar Office that covers Ansari Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kovalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the registration fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Ansari Nagar?

The current guideline value of Ansari Nagar is Rs 600 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and finally returned to Rs 600 per sq.ft in 2023.

What is the land classification for Ansari Nagar?

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

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is stamp duty calculated in Ansari Nagar?

Stamp duty in Ansari Nagar is calculated based on the higher of the guideline value or the sale price. For instance, for a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at 7%.