Guideline Value for Ananda kamalam nagar

Ananda kamalam nagar guideline value

The current guideline value of Ananda kamalam nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Vallam village, under the Chengleput Joint I SRO, and is classified as Residential Special Type - I.

How the guideline value of Ananda kamalam nagar has changed

Since the 2007 revision, which set the guideline value at Rs 180 per sq.ft, there have been significant changes. The value increased to Rs 1,000 per sq.ft in 2012, representing a substantial rise of 456%. However, the value dropped to Rs 670 per sq.ft in the 2017 revision, marking a decrease of 33%. The 2023 revision maintained the value at Rs 1,000 per sq.ft, and the 2024 revision also holds the same value, indicating no change from the previous year.

In summary, the guideline value has seen an overall increase of 456% from 2007 to 2024. The revisions for the years 2002 and 2003 do not have figures recorded for this street.

Guideline values in Vallam

In Vallam, there are 30 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 750 to Rs 1,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, which aligns with the guideline value for Ananda kamalam nagar.

• Babu Garden: Rs 1,000 per sq.ft (2024)
• BhuvanaSri Nagar: Rs 1,000 per sq.ft (2024)
• Kamaraj Nagar: Rs 850 per sq.ft (2024)
• Madha Koil Street: Rs 750 per sq.ft (2024)
• Mariamman Koil Street: Rs 750 per sq.ft (2024)
• Muthamizh Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Ananda kamalam nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ananda kamalam nagar?

Ananda kamalam nagar falls under the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Vallam

The guideline value plays a crucial role in the registration process when buying or selling property in Vallam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the officially recognized value of the property.

When a property is registered, the guideline value is used to assess the applicable fees, which are charged on the higher of the guideline value or the sale price. This means that buyers should be aware of the guideline value to accurately estimate their total costs during the transaction.

Frequently asked questions

What is the current guideline value of Ananda kamalam nagar?

The current guideline value of Ananda kamalam nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions being Rs 1,000 per sq.ft in both 2023 and 2024. The value was Rs 670 per sq.ft in 2017, and it was Rs 1,000 per sq.ft in 2012.

What are the stamp duty and registration fees for property in Ananda kamalam nagar?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are based on the guideline value.

Which office handles registrations for Ananda kamalam nagar?

The Chengleput Joint I Sub Registrar Office handles registrations for Ananda kamalam nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification of Ananda kamalam nagar?

Ananda kamalam nagar is classified as Residential Special Type - I, indicating its designation for residential purposes within the area.