Guideline Value for Anandam Nagar

Anandam Nagar guideline value

The current guideline value of Anandam Nagar, located in Kobarasanallur village under the Kunrathur SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - II.

How the guideline value of Anandam Nagar has changed

The guideline value for Anandam Nagar has seen several revisions over the years. In 2012, the guideline value was set at Rs 1,800 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 1,206 per sq.ft, reflecting a decrease of 33%. The value then increased significantly to Rs 1,800 per sq.ft in the 2023 revision, followed by a further increase to Rs 1,980 per sq.ft in the 2024 revision, marking a 10% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the current 2024 figure, there has been a 10% increase. The revisions for the years 2002, 2003, and 2007 have no figures listed for this street.

Guideline values in Kobarasanallur

Kobarasanallur village has a total of 28 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 4,180 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, which is equal to the current guideline value of Anandam Nagar.

• A.K.Nagar: Rs 1,980 per sq.ft (2024)
• Aishwarya Garden Annexe: Rs 1,650 per sq.ft (2024)
• Aishwarya Garden: Rs 1,980 per sq.ft (2024)
• Adi Sakthi Nagar: Rs 1,980 per sq.ft (2024)
• Bagyalakshmi Nagar: Rs 1,980 per sq.ft (2024)
• Bharathi Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Anandam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anandam Nagar?

The Anandam Nagar area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Kobarasanallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the registration process adheres to the established regulations.

Frequently asked questions

What is the current guideline value of Anandam Nagar?

The current guideline value of Anandam Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the median guideline value in Kobarasanallur?

The median guideline value for the 28 streets in Kobarasanallur is Rs 1,980 per sq.ft, which is the same as the current guideline value for Anandam Nagar.

What are the stamp duty rates for property in Anandam Nagar?

The stamp duty for property transactions in Anandam Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.