Guideline Value for Ananda Nagar Aravindar Street

Ananda Nagar Aravindar Street guideline value

The current guideline value of Ananda Nagar Aravindar Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Ananda Nagar Aravindar Street has changed

The guideline value for Ananda Nagar Aravindar Street has gone through several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft. However, in 2017, it decreased to Rs 1,005 per sq.ft. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft again, and the most recent 2024 revision has set it at Rs 1,650 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The 2023 to 2024 revision reflects a 10% increase. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which is also the current value for Ananda Nagar Aravindar Street.

• Ananda Nagar: Rs 1,650 per sq.ft (2024)
• Ananda Nagar Cross Street: Rs 1,650 per sq.ft (2024)
• Ananda Nagar Patel Street: Rs 1,650 per sq.ft (2024)
• Ananda Nagar Rajaji Street: Rs 1,650 per sq.ft (2024)
• Ananda Nagar Vinayagar Koil Street: Rs 1,650 per sq.ft (2024)
• A.N.C.Colony (in): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ananda Nagar Aravindar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ananda Nagar Aravindar Street?

The Sub Registrar Office that covers Ananda Nagar Aravindar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Chitlapakkam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value serves as a reference point for both parties. It helps in establishing a fair basis for the transaction, ensuring compliance with local regulations and providing transparency in the property market.

Frequently asked questions

What is the current guideline value of Ananda Nagar Aravindar Street?

The current guideline value of Ananda Nagar Aravindar Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, with fluctuations in between, including a decrease to Rs 1,005 per sq.ft in 2017.

What is the registration fee for property in Ananda Nagar Aravindar Street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 16,50,000, the registration fee would be Rs 33,000.

Which office handles property registrations for Ananda Nagar Aravindar Street?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Ananda Nagar Aravindar Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Chitlapakkam?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. This ensures that the correct amount is paid during the registration process.