Guideline Value for ANWIN ROSHEN NAGAR

Anwin Roshen Nagar guideline value

The current guideline value of Anwin Roshen Nagar is Rs 310 per sq.ft, effective from 1 July 2024. This locality is situated in Ambakkam village, under the Walajabad Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Anwin Roshen Nagar has changed

The guideline value for Anwin Roshen Nagar has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 300 per sq.ft. This was followed by a decrease to Rs 201 per sq.ft in 2017, and then an increase to Rs 300 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 310 per sq.ft, marking a 3% increase from the previous year.

From 2012 to 2017, there was a notable decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 3%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambakkam

In Ambakkam, there are three streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 310 to Rs 400 per sq.ft. The median value for these streets is Rs 310 per sq.ft, which is also the guideline value for Anwin Roshen Nagar.

• Shirdi Sai Baba Nagar: Rs 310 per sq.ft (2024)
• Subiksham Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Anwin Roshen Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 310 per sq.ft, the total guideline value would be Rs 3,10,000. The stamp duty at 7% would amount to Rs 21,700, and the registration fee at 2% would be Rs 6,200, leading to a total cost of Rs 27,900. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Anwin Roshen Nagar?

The Anwin Roshen Nagar area is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential reference for property transactions in Ambakkam. It serves as the minimum value at which properties can be registered, ensuring that the transaction is recorded accurately for taxation purposes.

When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Anwin Roshen Nagar?

The current guideline value of Anwin Roshen Nagar is Rs 310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then to Rs 300 per sq.ft in 2023, and finally to Rs 310 per sq.ft in 2024.

What are the other streets in Ambakkam and their guideline values?

Other streets in Ambakkam include Shirdi Sai Baba Nagar with a guideline value of Rs 310 per sq.ft and Subiksham Nagar with Rs 400 per sq.ft, both effective in 2024.

What fees are associated with property transactions in Anwin Roshen Nagar?

For a property valued at Rs 3,10,000, the stamp duty would be Rs 21,700 and the registration fee would be Rs 6,200, totaling Rs 27,900.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.