Guideline Value for Ananda Nagar Vinayagar Koil Street

Ananda Nagar Vinayagar Koil Street guideline value

The current guideline value of Ananda Nagar Vinayagar Koil 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 Vinayagar Koil Street has changed

The guideline value for Ananda Nagar Vinayagar Koil 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 decreased to Rs 1,005 per sq.ft. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase. 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 value among these streets is Rs 1,650 per sq.ft, which is equal to the guideline value of Ananda Nagar Vinayagar Koil Street.

• Ananda Nagar Rajaji Street: Rs 1,650 per sq.ft (2024)
• Ananda Nagar Patel 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 Vinayagar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost for these fees to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ananda Nagar Vinayagar Koil Street?

The Ananda Nagar Vinayagar Koil Street falls under 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 property transactions in Chitlapakkam, as it is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must refer to the guideline value to ensure compliance with local regulations and to calculate the necessary fees accurately.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ananda Nagar Vinayagar Koil Street?

The current guideline value of Ananda Nagar Vinayagar Koil 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 various increments and decrements in between, including a decrease to Rs 1,005 per sq.ft in 2017.

What is the registration office for Ananda Nagar Vinayagar Koil Street?

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

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 16,50,000 would incur stamp duty of Rs 1,15,500 at a rate of 7%.

Are there other streets with the same guideline value in Chitlapakkam?

Yes, several other streets in Chitlapakkam have the same guideline value of Rs 1,650 per sq.ft, including Ananda Nagar Rajaji Street, Ananda Nagar Patel Street, and Ananda Nagar Cross Street.