Guideline Value for Anandha Nagar

Anandha Nagar guideline value

The current guideline value of Anandha Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area falls under Urapakkam village and is classified as Residential Special Type - II. The relevant Sub Registrar Office for this locality is the Gooduvancheri SRO.

How the guideline value of Anandha Nagar has changed

The guideline value for Anandha Nagar has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 400 per sq.ft, which saw a significant increase to Rs 1,500 per sq.ft in the 2012 revision. However, this value remained unchanged in the 2012 to 2017 period, where it dropped to Rs 1,005 per sq.ft. The most recent revision in 2023 brought the guideline value back up to Rs 1,500 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 275%. Notably, there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Urapakkam

While specific figures for other streets in Urapakkam are not provided, Anandha Nagar's guideline value is currently Rs 1,500 per sq.ft. Below are the other streets in Urapakkam:

Stamp duty and registration fee for property in Anandha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making the total cost for these fees Rs 1,35,000. 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 Anandha Nagar?

The Sub Registrar Office that covers Anandha Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Urapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the authorities will assess the transaction based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Anandha Nagar?

The current guideline value of Anandha Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 400 per sq.ft to Rs 1,500 per sq.ft in 2012, dropped to Rs 1,005 per sq.ft in 2017, and returned to Rs 1,500 per sq.ft in 2023.

What is the land classification for Anandha Nagar?

Anandha Nagar is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

Where is the Gooduvancheri SRO located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated in Anandha Nagar?

Stamp duty in Anandha Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 at 7%.