Guideline Value for Anand Nagar

Anand Nagar guideline value

The current guideline value of Anand Nagar is Rs 485 per sq.ft, effective from 1 July 2024. This area is located in Vichoor_B village and falls under the Thiruvottiyur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Anand Nagar has changed

The guideline value for Anand Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 201 per sq.ft, which increased to Rs 300 per sq.ft in 2023, marking a 49% rise. The current revision for 2024 has further increased the guideline value to Rs 485 per sq.ft, reflecting a substantial increase of 62% from the previous year. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 141%. This consistent rise indicates the changing landscape and valuation of properties in the area.

Guideline values in Vichoor_B

In Vichoor_B, there are 45 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft. The median value is Rs 485 per sq.ft, which is the same as the guideline value for Anand Nagar.

• A.M.Garden: Rs 330 per sq.ft (2024)
• Annai Indra Gandhi Nagar: Rs 440 per sq.ft (2024)
• Arul Murugan Nagar/ Ext / All Phases: Rs 330 per sq.ft (2024)
• Bhoobalan Nagar: Rs 330 per sq.ft (2024)
• Chandra Avenue: Rs 440 per sq.ft (2024)
• Chandra Nagar: Rs 440 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 485 per sq.ft, the total guideline value would be Rs 4,85,000. The stamp duty at 7% would amount to Rs 33,950, and the registration fee at 2% would be Rs 9,700, bringing the total fees together to Rs 43,650. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anand Nagar?

The Anand Nagar area is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of properties in Vichoor_B. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area. Buyers need to be aware of the guideline value as it can affect the overall cost of the transaction.

When a property is registered, the higher value between the guideline value and the sale price is taken into consideration for calculating the applicable fees. This ensures that the registration process is in line with the current market standards and values.

Frequently asked questions

What is the current guideline value of Anand Nagar?

The current guideline value of Anand Nagar is Rs 485 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then to Rs 485 per sq.ft in 2024. This represents an overall increase of 141% from 2017 to 2024.

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

Other streets in Vichoor_B include A.M.Garden at Rs 330 per sq.ft, Annai Indra Gandhi Nagar at Rs 440 per sq.ft, and Bhoobalan Nagar at Rs 330 per sq.ft, among others.

What fees are associated with buying property in Anand Nagar?

When buying property in Anand Nagar, buyers must pay stamp duty at 7% and a registration fee at 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Anand Nagar?

The Sub Registrar Office covering Anand Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.