Guideline Value for Anand Nagar

Anand Nagar guideline value

The current guideline value of Anand Nagar, located in Pandikavanoor village under the Arani_Tiruvallur SRO, is Rs 268 per sq.ft. This value is effective from the 2024 revision, which came into effect on 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Anand Nagar has changed

The guideline value for Anand Nagar has remained stable over recent revisions. The 2023 revision also recorded a guideline value of Rs 268 per sq.ft, indicating no change from the previous year. The register has no figures for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, the guideline value experienced a change of +0%. This consistency in the guideline value suggests a stable pricing structure for this locality.

Guideline values in Pandikavanoor

In Pandikavanoor, five streets under the Arani_Tiruvallur SRO have a 2024 guideline value ranging from Rs 268 to Rs 1,300 per sq.ft. Anand Nagar's figure of Rs 268 per sq.ft is below the median value of Rs 1,300 per sq.ft for the area.

• Shanthi Royal Park: Rs 600 per sq.ft (2024)
• Shanthi Royal Park Phase III: Rs 1,300 per sq.ft (2024)
• Shanthi Royal Park Phase IV: Rs 1,300 per sq.ft (2024)
• Shanthi Royal Park Phase V: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anand Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 268 per sq.ft, the total guideline value would be Rs 2,68,000. The stamp duty at 7% would amount to Rs 18,760, while the registration fee at 2% would be Rs 5,360, bringing the total cost of duty and fees to Rs 24,120. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Anand Nagar?

Anand Nagar falls under the jurisdiction of the Arani_Tiruvallur Sub Registrar Office. The office is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process of property transactions in Pandikavanoor. It serves as a baseline for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the minimum value recognized by the authorities.

When a property is sold, the guideline value helps determine the applicable fees and taxes, which are based on the higher of the guideline value or the actual sale price. This ensures transparency and compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Anand Nagar?

The current guideline value of Anand Nagar is Rs 268 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 268 per sq.ft for both the 2023 and 2024 revisions, with no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Pandikavanoor?

The median guideline value in Pandikavanoor is Rs 1,300 per sq.ft, with Anand Nagar's value being below this median.

What are the stamp duty rates for property in Anand Nagar?

The stamp duty for property transactions in Anand Nagar is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Anand Nagar?

The Arani_Tiruvallur Sub Registrar Office handles registrations for Anand Nagar, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.