Guideline Value for Anantha Lakshmi Nagar

Anantha Lakshmi Nagar guideline value

The current guideline value of Anantha Lakshmi Nagar is Rs 1,400 per sq.ft, effective from 1 July 2024. This area is located in Soorapattu village under the Ambattur SRO and falls under Residential Class I Type - III land classification.

How the guideline value of Anantha Lakshmi Nagar has changed

Over the years, the guideline value of Anantha Lakshmi Nagar has seen several revisions. The 2012 revision set the value at Rs 1,300 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 871 per sq.ft. However, from 2017 to 2023, the value significantly increased by 49% to reach Rs 1,300 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 1,400 per sq.ft, marking an 8% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Soorapattu

In Soorapattu village, a total of 115 streets under the Ambattur SRO have a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft. The median guideline value in this area is Rs 1,300 per sq.ft, placing Anantha Lakshmi Nagar's 2024 figure above that median.

• Ambedkar Street: Rs 1,100 per sq.ft (2024)
• Ambattur (Puzhul) Redhills Road: Rs 2,400 per sq.ft (2024)
• Annai Avenue: Rs 1,400 per sq.ft (2024)
• Annai Indira Nagar: Rs 1,100 per sq.ft (2024)
• Annai Indira Nagar Main Road: Rs 1,100 per sq.ft (2024)
• Annai Nagar: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anantha Lakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty would be charged at 7%, amounting to Rs 98,000, and the registration fee at 2%, which would be Rs 28,000. Together, the total fees would be Rs 1,26,000. It is important to note that 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 Anantha Lakshmi Nagar?

Anantha Lakshmi 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 registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Soorapattu. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction.

When a property is registered, the authorities will assess the guideline value to calculate the applicable fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the property transaction.

Frequently asked questions

What is the current guideline value of Anantha Lakshmi Nagar?

The current guideline value of Anantha Lakshmi Nagar is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2023 to Rs 1,400 per sq.ft in 2024, marking an 8% increase. It was Rs 871 per sq.ft in 2017 and Rs 1,300 per sq.ft in 2012, showing various fluctuations over the years.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 and the registration fee would be Rs 28,000, totaling Rs 1,26,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Anantha Lakshmi Nagar?

The Ambattur Sub Registrar Office covers Anantha Lakshmi Nagar. It is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

What is the land classification of Anantha Lakshmi Nagar?

Anantha Lakshmi Nagar is classified as Residential Class I Type - III. This classification is important for understanding the usage and regulations applicable to the property.