Guideline Value for ANUGRIHA CITY

Anugriha City guideline value

The current guideline value of Anugriha City, located in Polivakkam village under the Manavalanagar SRO, is Rs 800 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - I land classification.

How the guideline value of Anugriha City has changed

The guideline value for Anugriha City has remained consistent in recent revisions. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 800 per sq.ft, which has not changed in the 2024 revision, indicating a 0% change between these two years.

Thus, the guideline value has been Rs 800 per sq.ft for both the 2023 and 2024 revisions. The absence of figures in earlier revisions suggests that the value has only been established recently.

Guideline values in Polivakkam

In Polivakkam, there are 80 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 350 to Rs 1,500 per sq.ft, with a median value of Rs 500 per sq.ft. Anugriha City's 2024 guideline value of Rs 800 per sq.ft is above this median.

• Gold Green Co-Operative Nagar: Rs 450 per sq.ft (2024)
• Hari Prasad Nagar: Rs 1,000 per sq.ft (2024)
• Hariprasad Nagar Extension: Rs 670 per sq.ft (2024)
• P.G.S.Garden: Rs 500 per sq.ft (2024)
• Shri Sai Garden Annex: Rs 550 per sq.ft (2024)
• Sri Ponniamman Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Anugriha City

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees together to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anugriha City?

The Sub Registrar Office that covers Anugriha City is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Polivakkam. It serves as a basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Anugriha City?

The current guideline value of Anugriha City is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft for the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 in the register.

What are the guideline values of other streets in Polivakkam?

Other streets in Polivakkam have varying guideline values, ranging from Rs 350 to Rs 1,500 per sq.ft. Anugriha City's value of Rs 800 per sq.ft is above the median value of Rs 500 per sq.ft for the area.

What fees are associated with buying property in Anugriha City?

When buying property in Anugriha City, you will need to pay stamp duty and registration fees based on the guideline value. For example, for a 1,000 sq.ft plot, the total fees can amount to Rs 72,000.

Where can I find the Sub Registrar Office for Anugriha City?

The Sub Registrar Office for Anugriha City is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.