Guideline Value for Ananda Nagar Cross Street

Ananda Nagar Cross Street guideline value

The current guideline value of Ananda Nagar Cross 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 Cross Street has changed

The guideline value for Ananda Nagar Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,650 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased significantly by 49%. The overall change from 2012 to 2024 reflects a 10% increase, with the most recent change from 2023 to 2024 being a 10% rise.

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 value among these streets is Rs 1,650 per sq.ft, which is the same as the current guideline value for Ananda Nagar Cross Street.

• Ananda Nagar Aravindar Street: Rs 1,650 per sq.ft (2024)
• Ananda Nagar Patel Street: Rs 1,650 per sq.ft (2024)
• Ananda Nagar: 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 Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value would be 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, totaling Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ananda Nagar Cross Street?

The Sub Registrar Office that covers Ananda Nagar Cross 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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chitlapakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to determine the applicable duties. This ensures transparency and adherence to the legal framework governing property transactions in the region.

Frequently asked questions

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

The current guideline value of Ananda Nagar Cross 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 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification of Ananda Nagar Cross Street?

Ananda Nagar Cross Street is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, a property valued at Rs 16,50,000 would incur a total of Rs 1,48,500 in duties.

Which office handles registrations for Ananda Nagar Cross Street?

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