Guideline Value for Ananda Nagar Patel Street

Ananda Nagar Patel Street guideline value

The current guideline value of Ananda Nagar Patel 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, and is classified as Residential Class I Type - III.

How the guideline value of Ananda Nagar Patel Street has changed

Over the years, the guideline value for Ananda Nagar Patel Street has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 1,005 per sq.ft. The guideline value remained at Rs 1,500 per sq.ft in 2023, before increasing to Rs 1,650 per sq.ft in the 2024 revision, reflecting a 10% increase.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, 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 equal to the current value of Ananda Nagar Patel Street.

• Ananda Nagar Cross Street: Rs 1,650 per sq.ft (2024)
• Ananda Nagar Rajaji Street: Rs 1,650 per sq.ft (2024)
• Ananda Nagar Aravindar Street: Rs 1,650 per sq.ft (2024)
• Ananda Nagar Vinayagar Koil Street: Rs 1,650 per sq.ft (2024)
• Ananda Nagar: 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 Patel 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, making the total charges 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ananda Nagar Patel Street?

The Sub Registrar Office that covers Ananda Nagar Patel 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chitlapakkam. It determines the stamp duty and registration fees that need to be paid, ensuring that the transaction is officially recorded and recognized by the authorities.

When you engage in a property transaction, the guideline value helps in assessing the financial obligations involved. It is essential to check the current guideline value to understand the costs associated with the property transfer.

Frequently asked questions

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

The current guideline value of Ananda Nagar Patel 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 2023 to Rs 1,650 per sq.ft in 2024, representing a 10% increase. It was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012.

What is the land classification of Ananda Nagar Patel Street?

Ananda Nagar Patel Street is classified as Residential Class I Type - III, which indicates its designation for residential purposes.

What are the other streets in Chitlapakkam with the same guideline value?

Several other streets in Chitlapakkam also have a guideline value of Rs 1,650 per sq.ft, including Ananda Nagar Cross Street, Ananda Nagar Rajaji Street, Ananda Nagar Aravindar Street, and Ananda Nagar Vinayagar Koil Street.

Where can I find the Sub Registrar Office for Ananda Nagar Patel Street?

The Sub Registrar Office for Ananda Nagar Patel Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.