Guideline Value for ANTONY NAGAR

Antony Nagar guideline value

The current guideline value of Antony Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is part of the Thiruninravur-A village and falls under the Avadi Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - I.

How the guideline value of Antony Nagar has changed

The guideline value for Antony Nagar has seen several revisions over the years. In the 2017 revision, the guideline value was Rs 737 per sq.ft. This increased significantly to Rs 1,100 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,200 per sq.ft, reflecting a further increase of 9% from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 63%.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft, with a median value of Rs 750 per sq.ft. Antony Nagar's 2024 guideline value of Rs 1,200 per sq.ft is above this median.

• Antony Nagar & Streets: Rs 1,200 per sq.ft (2024)
• Anushka Enclave Alias Varna: Rs 1,200 per sq.ft (2024)
• A.R.LAYOUT alias MAJESTIC AVENUE: Rs 660 per sq.ft (2024)
• Arul Nagar Extn: Rs 750 per sq.ft (2024)
• Arul Nagar & Streets: Rs 750 per sq.ft (2024)
• Annai Theresa Nagar: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Antony Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. 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 on fees applicable to your property transaction.

Which Sub Registrar Office covers Antony Nagar?

The Sub Registrar Office that covers Antony Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor in property transactions in Thiruninravur-A, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are compliant with local regulations.

Additionally, the guideline value helps in assessing the fair value of properties in the area, providing a benchmark for buyers and sellers. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Antony Nagar?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2024, marking an overall increase of 63% over this period.

What are the stamp duty and registration fees for a property in Antony Nagar?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Which office handles registrations for Antony Nagar?

The Avadi Sub Registrar Office handles property registrations for Antony Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Antony Nagar?

Antony Nagar is classified as Residential Class II Type - I, indicating its designation for residential use within the area.