Guideline Value for Anandham Nagar

Anandham Nagar guideline value

The current guideline value of Anandham Nagar, located in Vellarai village under the Sriperumpudur SRO, is Rs 300 per sq.ft. This value is effective from 1 July 2024 and is classified as Residential Special Type - II.

How the guideline value of Anandham Nagar has changed

Since the 2012 revision, the guideline value for Anandham Nagar has remained stable, showing no change from Rs 300 per sq.ft in both the 2012 and 2024 revisions. However, there was a significant increase from Rs 201 per sq.ft in the 2017 revision to Rs 300 per sq.ft in 2023, marking a 49% rise. The 2017 revision saw a decrease of 33% from the 2012 figure.

The guideline value has not been recorded for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Vellarai

In Vellarai, there are 20 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 110 to Rs 1,500 per sq.ft. Anandham Nagar's current value of Rs 300 per sq.ft is equal to the median value for the area.

• Bajanai Koil Street: Rs 150 per sq.ft (2024)
• Enlight: Rs 300 per sq.ft (2024)
• Enlight -II: Rs 300 per sq.ft (2024)
• Enlight - III: Rs 300 per sq.ft (2024)
• Galaxy Nagar: Rs 300 per sq.ft (2024)
• Madhurai Veeran Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Anandham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Anandham Nagar?

The Anandham Nagar area falls under the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Vellarai. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value as it influences the overall costs involved in the transaction. The registration office uses this value to ensure compliance with legal requirements and to assess the appropriate fees.

Frequently asked questions

What is the current guideline value of Anandham Nagar?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a significant increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023. There was a decrease of 33% from 2012 to 2017.

What is the land classification for Anandham Nagar?

Anandham Nagar is classified as Residential Special Type - II. This classification influences the guideline value and property use in the area.

Where can I find the Sub Registrar Office for Anandham Nagar?

The Sub Registrar Office covering Anandham Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for property in Anandham Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,00,000, the stamp duty at 7% would be Rs 21,000.