Guideline Value for Ananda Nagar

Ananda Nagar guideline value

The current guideline value of Ananda Nagar, located in Mogalivakkam village under the Kunrathur SRO, is Rs 2,860 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Ananda Nagar has changed

The guideline value for Ananda Nagar has seen several revisions over the years. The earliest available figure is from 2007, when the guideline value was Rs 600 per sq.ft. This figure increased significantly to Rs 2,600 per sq.ft in 2012, marking a substantial rise of 333%. However, in 2017, the value dropped to Rs 1,742 per sq.ft, a decrease of 33%. Following this, the value rose again to Rs 2,600 per sq.ft in 2023, and then to the current rate of Rs 2,860 per sq.ft in 2024, reflecting a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 377%. Notably, the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mogalivakkam

In Mogalivakkam, there are 98 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,530 to Rs 6,600 per sq.ft, with a median value of Rs 2,970 per sq.ft. Ananda Nagar's 2024 figure is below this median.

• Amman Koil Street: Rs 2,860 per sq.ft (2024)
• Annai Kamala Street: Rs 2,860 per sq.ft (2024)
• Air India Colony: Rs 2,860 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 3,520 per sq.ft (2024)
• A.G.S.Colony: Rs 2,530 per sq.ft (2024)
• Annai Velankanni Nagar Annexe: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Ananda Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the guideline value totals Rs 28,60,000. The stamp duty at 7% would amount to Rs 2,00,200, while the registration fee at 2% would be Rs 57,200. Together, these fees would total Rs 2,57,400. It is important to 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 further calculations.

Which Sub Registrar Office covers Ananda Nagar?

Ananda Nagar is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Mogalivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and transparently.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable stamp duty and registration fees. This ensures that the fees are based on a recognized value, which helps maintain consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Ananda Nagar?

The current guideline value of Ananda Nagar is Rs 2,860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,860 per sq.ft in 2024, representing an overall increase of 377% over the years.

What are the registration fees for properties in Ananda Nagar?

For a property valued at the current guideline value of Rs 28,60,000, the stamp duty would be Rs 2,00,200 and the registration fee would be Rs 57,200, totaling Rs 2,57,400.

Which office handles registrations for Ananda Nagar?

The Kunrathur Sub Registrar Office handles registrations for Ananda Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Ananda Nagar?

Ananda Nagar is classified as Residential Special Type - II, indicating its designated use for residential purposes.