Guideline Value for Anandanayagi Nagar 2ndStreet

Anandanayagi Nagar 2ndStreet guideline value

The current guideline value of Anandanayagi Nagar 2ndStreet is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Anandanayagi Nagar 2ndStreet has changed

The guideline value for Anandanayagi Nagar 2ndStreet has seen several revisions over the years. The earliest revision available is from 2007, where the guideline value was Rs 500 per sq.ft. This figure increased significantly to Rs 1,200 per sq.ft in 2012, marking a 140% increase. However, it then decreased to Rs 804 per sq.ft in 2017, reflecting a decline of 33%. The value rose again to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,300 per sq.ft in the 2024 revision, which is an 8% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 160%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing the 2024 figure for Anandanayagi Nagar 2ndStreet below this median.

• Anandanayagi Nagar 1st Street: Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 3rd Cross Street: Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 3rd Street: Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 4th Street: Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 5th Street: Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 6th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anandanayagi Nagar 2ndStreet

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anandanayagi Nagar 2ndStreet?

The Sub Registrar Office that covers Anandanayagi Nagar 2ndStreet is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tondaiarpet. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. Buyers and sellers should be aware that the guideline value is a key factor in these calculations.

When a property is sold, the higher of the guideline value or the sale price is considered for calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anandanayagi Nagar 2ndStreet?

The current guideline value of Anandanayagi Nagar 2ndStreet is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 160% over this period.

What is the land classification for Anandanayagi Nagar 2ndStreet?

Anandanayagi Nagar 2ndStreet is classified as Residential Class II Type - I, which indicates its suitability for residential development.

Where can I find the Royapuram Sub Registrar Office?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is the stamp duty calculated for properties in Tondaiarpet?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, if the guideline value is Rs 13,00,000, the stamp duty at 7% would be Rs 91,000.