Guideline Value for Anandavalli Nagar

Anandavalli Nagar guideline value

The current guideline value of Anandavalli Nagar, located in Panchetty village under the Redhills SRO, is Rs 1,000 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Anandavalli Nagar has changed

The guideline value for Anandavalli Nagar has seen several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 1,000 per sq.ft. In 2017, it decreased to Rs 670 per sq.ft, marking a decline of 33%. However, by 2023, the value returned to Rs 1,000 per sq.ft, showing a 49% increase from the 2017 figure. The 2024 revision maintains this value at Rs 1,000 per sq.ft, indicating no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street, as the register does not contain any data for these years.

Guideline values in Panchetty

Panchetty village features a total of 46 streets under the Redhills SRO with the 2024 guideline values ranging from Rs 300 to Rs 1,600 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, placing Anandavalli Nagar's 2024 figure at the median level.

• Ambedkar Street: Rs 400 per sq.ft (2024)
• Church Koil 1st Street: Rs 1,000 per sq.ft (2024)
• Church Koil 2nd Street: Rs 1,000 per sq.ft (2024)
• Church Koil 3rd Street: Rs 1,000 per sq.ft (2024)
• Church Koil Street: Rs 1,000 per sq.ft (2024)
• Ganesh Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Anandavalli Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total cost Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Anandavalli Nagar?

Anandavalli Nagar falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions within Panchetty. It is used as a basis for calculating stamp duty and registration fees when buying or selling property. This ensures that the government receives the appropriate revenue from property transactions.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value for Anandavalli Nagar?

The current guideline value for Anandavalli Nagar is Rs 1,000 per sq.ft, effective from the 2024 revision starting on 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Anandavalli Nagar has remained at Rs 1,000 per sq.ft in 2023 and 2024. It decreased to Rs 670 per sq.ft in 2017 from Rs 1,000 per sq.ft in 2012, reflecting a 33% drop.

What are the stamp duty and registration fees for property in Anandavalli 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 or the sale price, whichever is higher.

Which office handles registrations for Anandavalli Nagar?

The Redhills Sub Registrar Office is responsible for property registrations in Anandavalli Nagar. It is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Anandavalli Nagar?

Anandavalli Nagar is classified as Commercial Class I Type - I. This classification impacts the guideline value and potential use of the property in the area.