Guideline Value

Corporate

Guideline Value for Anandam Nagar 1st Road

₹3100/sq.ft.

The guideline value for Anandam Nagar 1st Road in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3100 per sq.ft, effective 1 July 2024. It was Rs 2800 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3100 /sq.ft.
From 1-4-2023 ₹2800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1876 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Anandam Nagar 1st Road

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Anandam Nagar 1st Road guideline value

The current guideline value of Anandam Nagar 1st Road is Rs 3,100 per sq.ft, effective from 1 July 2024. This road is located in Ramapuram village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Anandam Nagar 1st Road has changed

The guideline value for Anandam Nagar 1st Road has undergone several revisions over the years. The earliest available figure is from 2012, which was Rs 2,800 per sq.ft. This value remained the same in the 2012 revision but saw a decrease to Rs 1,876 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,800 per sq.ft, and the most recent 2024 revision set it at Rs 3,100 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%, followed by an 11% increase from 2023 to 2024. Overall, comparing the 2012 and 2024 revisions, there has been an increase of 11%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median value is Rs 3,100 per sq.ft, which is equal to the guideline value of Anandam Nagar 1st Road.

Stamp duty and registration fee for property in Anandam Nagar 1st Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,100 per sq.ft, the total guideline value would be Rs 31,00,000. The stamp duty at 7% would amount to Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, bringing the total to Rs 2,79,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Anandam Nagar 1st Road?

The Anandam Nagar 1st Road falls under the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Ramapuram. It serves as a reference point for determining the minimum sale price of a property, ensuring that transactions are conducted at fair values. When registering a property, buyers must consider the guideline value to calculate the applicable stamp duty and registration fees.

Additionally, the guideline value helps in maintaining transparency in property transactions. It is essential for both buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process. This value is updated periodically to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value of Anandam Nagar 1st Road?

The current guideline value of Anandam Nagar 1st Road is Rs 3,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2012 to Rs 1,876 per sq.ft in 2017, then back to Rs 2,800 per sq.ft in 2023, and finally to Rs 3,100 per sq.ft in 2024.

What is the land classification for Anandam Nagar 1st Road?

Anandam Nagar 1st Road is classified as Residential Class II Type - I.

Where is the Sub Registrar Office located for this area?

The Sub Registrar Office covering Anandam Nagar 1st Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in Anandam Nagar 1st Road?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 2,17,000.