Guideline Value for Ananda Habitat

Ananda Habitat guideline value

The current guideline value of Ananda Habitat in Mettupalayam village is Rs 600 per sq.ft, effective from 1 July 2024. This property falls under the Sunguvarchattram SRO and is classified as Mixed Type - II land.

How the guideline value of Ananda Habitat has changed

The guideline value for Ananda Habitat has seen several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft, which remained unchanged until the 2017 revision where it dropped to Rs 402 per sq.ft. Subsequently, in 2023, the value returned to Rs 600 per sq.ft and has remained the same in the 2024 revision, showing a 0% change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, between the 2012 and 2017 revisions, there was a decrease of 33%. Overall, comparing the 2012 and 2024 revisions, the guideline value has not changed, remaining at Rs 600 per sq.ft.

Guideline values in Mettupalayam

In Mettupalayam, there are 45 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 181 to Rs 900 per sq.ft, with a median value of Rs 181 per sq.ft. The guideline value of Ananda Habitat is above this median.

• Ambethkar Street: Rs 181 per sq.ft (2024)
• Ambethkar Main Road: Rs 181 per sq.ft (2024)
• Ambethkar Kurukku Street-III: Rs 181 per sq.ft (2024)
• Ambethkar Kurukku Street-II: Rs 181 per sq.ft (2024)
• Ambethkar Kurukku Street-I: Rs 181 per sq.ft (2024)
• Ambal Nagar: Rs 181 per sq.ft (2024)

Stamp duty and registration fee for property in Ananda Habitat

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. 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 accurate calculations.

Which Sub Registrar Office covers Ananda Habitat?

The Sub Registrar Office that covers Ananda Habitat is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Mettupalayam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum value at which a property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value for Ananda Habitat?

The current guideline value for Ananda Habitat is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ananda Habitat has remained at Rs 600 per sq.ft since 2012, with a drop to Rs 402 per sq.ft in 2017, followed by a return to Rs 600 per sq.ft in 2023 and 2024.

What is the stamp duty rate for properties in Ananda Habitat?

The stamp duty rate for properties in Ananda Habitat is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ananda Habitat?

The Sub Registrar Office for Ananda Habitat is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

What are other streets in Mettupalayam and their guideline values?

Other streets in Mettupalayam under the Sunguvarchattram SRO have guideline values starting from Rs 181 per sq.ft. For example, Ambethkar Street and Ambethkar Main Road both have a guideline value of Rs 181 per sq.ft in 2024.