Guideline Value for Anandha Vinayagar Nagar

Anandha Vinayagar Nagar guideline value

The current guideline value of Anandha Vinayagar Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Periyapanancheri village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Anandha Vinayagar Nagar has changed

The guideline value for Anandha Vinayagar Nagar has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% increase. The current guideline value of Rs 1,320 per sq.ft for 2024 represents a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Periyapanancheri

In Periyapanancheri, there are 33 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 990 to Rs 4,925 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, which is equal to the current value of Anandha Vinayagar Nagar.

• Ambetkar Street (ward 6): Rs 1,320 per sq.ft (2024)
• Ambetkar Street (ward 5): Rs 1,320 per sq.ft (2024)
• Ambal Nagar: Rs 1,320 per sq.ft (2024)
• Anna Street: Rs 2,200 per sq.ft (2024)
• Balakrishna Nagar: Rs 1,320 per sq.ft (2024)
• Balakrishnan Street: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Anandha Vinayagar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total charges Rs 1,18,800. 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 Anandha Vinayagar Nagar?

The Anandha Vinayagar Nagar area falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Periyapanancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anandha Vinayagar Nagar?

The current guideline value of Anandha Vinayagar Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, reflecting a 64% overall increase over this period.

What is the registration office for Anandha Vinayagar Nagar?

The registration office for Anandha Vinayagar Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the stamp duty and registration fees in Anandha Vinayagar Nagar?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 13,20,000, the total charges would amount to Rs 1,18,800.

How many streets in Periyapanancheri have a guideline value?

There are 33 streets in Periyapanancheri that carry a guideline value, with values ranging from Rs 990 to Rs 4,925 per sq.ft for the year 2024.