Guideline Value for Anandham Co-Operative Nagar

Anandham Co-Operative Nagar guideline value

The current guideline value of Anandham Co-Operative Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024. This area is located in Manimangalam A village under the Padappai SRO, classified as Residential Special Type - I.

How the guideline value of Anandham Co-Operative Nagar has changed

The guideline value for Anandham Co-Operative Nagar has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 871 per sq.ft. This increased to Rs 1,300 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,430 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. There are no figures available for the revisions made in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Manimangalam A

In Manimangalam A, there are 112 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 550 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, placing Anandham Co-Operative Nagar's 2024 figure above this median.

• Annai Avenue: Rs 770 per sq.ft (2024)
• Aishwarya Avenue: Rs 880 per sq.ft (2024)
• Anna Salai: Rs 880 per sq.ft (2024)
• Anna Street: Rs 880 per sq.ft (2024)
• Anugraha Estates: Rs 550 per sq.ft (2024)
• Arunachaleswarar Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Anandham Co-Operative Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value would be Rs 14,30,000. The stamp duty at 7% would amount to Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total to Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anandham Co-Operative Nagar?

The Anandham Co-Operative Nagar area falls under the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Manimangalam A, the guideline value is crucial as it determines the stamp duty and registration fees applicable during the transaction. Buyers and sellers must refer to the current guideline value to ensure they meet the necessary financial obligations.

Additionally, the guideline value serves as a benchmark for property transactions, ensuring that both parties are aware of the official valuation set by the government. It is essential to consider the guideline value when negotiating the sale price to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Anandham Co-Operative Nagar?

The current guideline value of Anandham Co-Operative Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 871 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2023, and then to Rs 1,430 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024.

What is the land classification of Anandham Co-Operative Nagar?

Anandham Co-Operative Nagar is classified as Residential Special Type - I. This classification can affect the types of developments allowed in the area.

Where can I find the registration office for Anandham Co-Operative Nagar?

The registration office for Anandham Co-Operative Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 14,30,000 would incur a stamp duty of Rs 1,00,100 at the current rate of 7%.