Guideline Value for Anantham Nagar

Anantham Nagar guideline value

The current guideline value of Anantham Nagar, located in Kizhavalem village under the Madurandakam SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Anantham Nagar has changed

Since the 2007 revision, the guideline value has seen a significant increase. In 2007, the value was Rs 40 per sq.ft, which rose to Rs 85 per sq.ft in 2012, marking an increase of 113%. However, it decreased to Rs 57 per sq.ft in 2017, a reduction of 33%. The value then increased to Rs 100 per sq.ft in both the 2023 and 2024 revisions, showing no change from 2023 to 2024 and a substantial increase of 75% from 2017 to 2023.

The revisions for the years 2002 and 2003 do not have any figures listed for Anantham Nagar in the register. Overall, from 2007 to 2024, there has been a total increase of 150% in the guideline value.

Guideline values in Kizhavalem

In Kizhavalem village, there are 19 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft. The median value for these streets is Rs 103 per sq.ft, placing Anantham Nagar's 2024 figure below this median.

• Chandra Township Phase-II: Rs 350 per sq.ft (2024)
• Guberan Nagar: Rs 103 per sq.ft (2024)
• i5 GLOBAL CITY: Rs 250 per sq.ft (2024)
• Marc Avenue Phase-I: Rs 120 per sq.ft (2024)
• Ryan Garden Village: Rs 100 per sq.ft (2024)
• Safa Nagar Part - II: Rs 120 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 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anantham Nagar?

Anantham Nagar falls under the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kizhavalem. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the authorities will assess the guideline value to calculate the necessary fees. This ensures that the transaction is recorded accurately in accordance with the established rates in the region.

Frequently asked questions

What is the current guideline value of Anantham Nagar?

The current guideline value of Anantham Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2007 to Rs 100 per sq.ft in 2024, representing a total increase of 150% over the years.

What are the other streets in Kizhavalem with their guideline values?

Other streets in Kizhavalem include Chandra Township Phase-II at Rs 350 per sq.ft, Guberan Nagar at Rs 103 per sq.ft, and i5 GLOBAL CITY at Rs 250 per sq.ft, among others.

What is the stamp duty rate for property transactions in Anantham Nagar?

The stamp duty rate for property transactions in Anantham Nagar is 7% of the guideline value or the sale price, whichever is higher.

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

The Madurandakam Sub Registrar Office covers Anantham Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.