Guideline Value for ANUGRAHA APARTMENTS

Anugraha Apartments guideline value

The current guideline value of Anugraha Apartments is Rs 2,500 per sq.ft, effective from 1 July 2024. This property is located in Korattur village, under the Villivakkam Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - III.

How the guideline value of Anugraha Apartments has changed

The guideline value for Anugraha Apartments has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,500 per sq.ft, an increase from Rs 2,300 per sq.ft in the 2023 revision. Notably, there was no change in the guideline value from 2012 to 2023, as it remained at Rs 2,300 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Prior to the 2023 revision, the last recorded figure was from 2012, which was Rs 2,300 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street. The consistent value from 2012 to 2023 indicates stability in the guideline value during that period.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value is Rs 2,500 per sq.ft, which aligns with the current value for Anugraha Apartments.

• Antony Street: Rs 1,300 per sq.ft (2024)
• A.R.N. Nagar: Rs 2,700 per sq.ft (2024)
• A.R.N. Nagar Annexe: Rs 2,700 per sq.ft (2024)
• Annai Therasa Nagar: Rs 1,300 per sq.ft (2024)
• Annai Nagar/Streets: Rs 2,700 per sq.ft (2024)
• Annai Nagar Part II, Vedha Avenue: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Anugraha Apartments

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total fees to Rs 2,25,000. 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 detailed calculations.

Which Sub Registrar Office covers Anugraha Apartments?

Anugraha Apartments falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Korattur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for assessing the transaction value. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Anugraha Apartments?

The current guideline value of Anugraha Apartments is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,300 per sq.ft from 2012 to 2023, and increased to Rs 2,500 per sq.ft in 2024, marking a 9% increase overall from 2012 to 2024.

Where can I find the Sub Registrar Office for Anugraha Apartments?

The Sub Registrar Office covering Anugraha Apartments is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

What are the stamp duty and registration fees for Anugraha Apartments?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,25,000.

What is the land classification for Anugraha Apartments?

Anugraha Apartments is classified under Residential Class II Type - III, which is relevant for determining the guideline value.