Guideline Value for Ananda Nagar Rajaji Street

Ananda Nagar Rajaji Street guideline value

The current guideline value of Ananda Nagar Rajaji Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Ananda Nagar Rajaji Street has changed

The guideline value for Ananda Nagar Rajaji Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft. However, the value increased significantly in the following revisions, reaching Rs 1,500 per sq.ft in 2023 and then rising to Rs 1,650 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The overall change from the 2012 revision to the 2024 revision reflects a 10% increase. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

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 for these streets is Rs 1,650 per sq.ft, which aligns with the current value of Ananda Nagar Rajaji Street.

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

Which Sub Registrar Office covers Ananda Nagar Rajaji Street?

The Sub Registrar Office that covers Ananda Nagar Rajaji 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 is a crucial factor in the registration process when buying or selling property in Chitlapakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a buyer or seller engages in a transaction, the guideline value serves as a benchmark for calculating the applicable fees. This helps in maintaining transparency and fairness in property transactions within the region.

Frequently asked questions

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

The current guideline value of Ananda Nagar Rajaji 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 increased 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 for Ananda Nagar Rajaji Street?

The land classification for Ananda Nagar Rajaji Street is Residential Class I Type - III.

What is the stamp duty rate for properties in Ananda Nagar Rajaji Street?

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

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

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