Guideline Value for Anandhi Nagar

Anandhi Nagar guideline value

The current guideline value of Anandhi Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Vilangadupakkam village under the Redhills SRO and is classified as Residential Class III Type - I.

How the guideline value of Anandhi Nagar has changed

Over the years, the guideline value of Anandhi Nagar has seen several revisions. The earliest recorded value was Rs 200 per sq.ft in 2007, which increased to Rs 400 per sq.ft in 2012. However, it then decreased to Rs 268 per sq.ft in 2017. The value rose again to Rs 400 per sq.ft in 2023 and is now set at Rs 440 per sq.ft from July 2024. The register does not have figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a significant increase of 49%, followed by a further increase of 10% from 2023 to 2024. Overall, comparing the 2007 figure to the current 2024 value, there has been an increase of 120%.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft. The median value is Rs 440 per sq.ft, which is the same as the guideline value for Anandhi Nagar.

• Amman Nagar: Rs 440 per sq.ft (2024)
• Almighty Avenue: Rs 440 per sq.ft (2024)
• Al-Amman Nagar (@) Al.Ameen Nagar: Rs 440 per sq.ft (2024)
• Al Ameen Nagar: Rs 440 per sq.ft (2024)
• Annai Nagar: Rs 440 per sq.ft (2024)
• Annai Vedha Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Anandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. 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 further assistance.

Which Sub Registrar Office covers Anandhi Nagar?

The Anandhi Nagar area falls under the jurisdiction of the Redhills Sub Registrar Office. The address is Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Vilangadupakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid by the buyer. The higher value between the guideline value and the sale price is used to calculate these fees.

When buying or selling property, it is essential to be aware of the current guideline value to ensure compliance with local regulations. This value is updated periodically, and staying informed can help avoid unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value of Anandhi Nagar?

The current guideline value of Anandhi Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 120% over the years.

Which Sub Registrar Office covers Anandhi Nagar?

Anandhi Nagar is covered by the Redhills Sub Registrar Office, located on Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the stamp duty and registration fees in Anandhi Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 39,600.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. The higher of the guideline value or the sale price is considered for calculating these fees.