Guideline Value for Anandham Street (Ram Nagar)

Anandham Street (Ram Nagar) guideline value

The current guideline value of Anandham Street (Ram Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Special Type - I.

How the guideline value of Anandham Street (Ram Nagar) has changed

The guideline value for Anandham Street (Ram Nagar) has seen several revisions over the years. In 2012, the value was Rs 2,200 per sq.ft, which decreased to Rs 1,474 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,200 per sq.ft in the 2023 revision, and then further to Rs 2,400 per sq.ft in 2024, marking a 9% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 9%. The revisions for the years 2002, 2003, and 2007 have no figures listed for this street in the register.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Anandham Street (Ram Nagar) above the median with its current rate of Rs 2,400 per sq.ft.

• Anandan Street (S.No.61, 62, 72,71): Rs 1,300 per sq.ft (2024)
• Amuthan Nagar: Rs 1,100 per sq.ft (2024)
• Anbalagan Street (S.No.69): Rs 1,100 per sq.ft (2024)
• Amman Street: Rs 1,400 per sq.ft (2024)
• Anbazhagan Street (VL Puram): Rs 2,400 per sq.ft (2024)
• Amman Nagar: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anandham Street (Ram Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, leading to a total cost of Rs 2,16,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anandham Street (Ram Nagar)?

The Anandham Street (Ram Nagar) falls under the jurisdiction of the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process for property transactions in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on either the guideline value or the sale price, whichever is higher.

When buying or selling property, it is crucial to be aware of the current guideline value, as it directly affects the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps in maintaining compliance with local regulations.

Frequently asked questions

What is the current guideline value of Anandham Street (Ram Nagar)?

The current guideline value of Anandham Street (Ram Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification of Anandham Street (Ram Nagar)?

Anandham Street (Ram Nagar) is classified as Residential Special Type - I.

Where can I find the registration office for Anandham Street (Ram Nagar)?

The registration office for Anandham Street (Ram Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

What are the stamp duty and registration fees for property in Anandham Street (Ram Nagar)?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000, resulting in a stamp duty of Rs 1,68,000 and a registration fee of Rs 48,000.