Guideline Value for Anantham Nagar

Anantham Nagar guideline value

The current guideline value of Anantham Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This locality is situated in Salamangalam village, under the Sriperumpudur Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - I.

How the guideline value of Anantham Nagar has changed

Over the years, the guideline value for Anantham Nagar has seen several revisions. The 2012 revision set the value at Rs 550 per sq.ft, which remained unchanged until the 2024 revision. The 2017 revision recorded a significant increase to Rs 368 per sq.ft, marking a 33% decrease from 2012. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 550 per sq.ft. The 2023 to 2024 revision saw no change, maintaining the value at Rs 550 per sq.ft.

It is important to note that the register has no figures for Anantham Nagar for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 550 per sq.ft.

Guideline values in Salamangalam

In Salamangalam village, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 3,100 per sq.ft. The median value for these streets is Rs 500 per sq.ft, making Anantham Nagar’s 2024 figure of Rs 550 per sq.ft above the median.

• Anna Nagar: Rs 500 per sq.ft (2024)
• Alamelumangapuram colony: Rs 601 per sq.ft (2024)
• Aishwarya Nagar: Rs 400 per sq.ft (2024)
• Astro Gardens: Rs 400 per sq.ft (2024)
• Bajanai Koil street: Rs 300 per sq.ft (2024)
• Bhavani Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Anantham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total fees Rs 49,500. It is important to note that 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 details.

Which Sub Registrar Office covers Anantham Nagar?

Anantham Nagar falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Salamangalam. It determines the minimum value on which stamp duty and registration fees are calculated during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When purchasing property, the guideline value helps establish a fair price for taxation purposes. It is essential for both parties to understand the implications of this value on their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Anantham Nagar?

The current guideline value of Anantham Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 550 per sq.ft in 2024, unchanged from 2023. The value increased by 49% from Rs 368 per sq.ft in 2017 to Rs 550 per sq.ft in 2023.

What is the land classification for Anantham Nagar?

Anantham Nagar is classified as Residential Special Type - I, which is significant for determining its usage and development potential.

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

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

How is stamp duty calculated for properties in Anantham Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500.