Guideline Value for Anantham Nagar

Anantham Nagar guideline value

The current guideline value of Anantham Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Uoonamali village under the Madurandakam SRO, classified as Residential Class I Type - I.

How the guideline value of Anantham Nagar has changed

The guideline value for Anantham Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 25 per sq.ft, which increased significantly to Rs 200 per sq.ft in 2012, marking a rise of 700%. However, from 2012 to 2017, the value decreased to Rs 134 per sq.ft, a decline of 33%. The subsequent revision in 2017 brought it back up to Rs 200 per sq.ft in 2023, and it has remained unchanged at Rs 200 per sq.ft for the 2024 revision as well.

It is worth noting that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 700%.

Guideline values in Uoonamali

In Uoonamali, there are 12 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 701 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is equal to the current guideline value of Anantham Nagar.

• Anandh Nagar: Rs 200 per sq.ft (2024)
• Kousalya Garden Phase-III: Rs 350 per sq.ft (2024)
• Kowsalya Garden: Rs 350 per sq.ft (2024)
• Ram Nagar: Rs 200 per sq.ft (2024)
• Saravana Nagar: Rs 701 per sq.ft (2024)
• Srinivasa Avenue: Rs 200 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, while the registration fee at 2% would be Rs 4,000, bringing the total cost for these fees to Rs 18,000. 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 more details.

Which Sub Registrar Office covers Anantham Nagar?

The Sub Registrar Office that covers Anantham Nagar is 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 Uoonamali

The guideline value is a crucial factor in property transactions in Uoonamali, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Additionally, it is essential for buyers and sellers to be aware of the guideline value to ensure compliance with local regulations and to avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Anantham Nagar?

The current guideline value of Anantham Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 25 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then decreased to Rs 134 per sq.ft in 2017, and has remained at Rs 200 per sq.ft since 2023.

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

Other streets in Uoonamali include Anandh Nagar, Kousalya Garden Phase-III, Kowsalya Garden, Ram Nagar, Saravana Nagar, and Srinivasa Avenue, with guideline values ranging from Rs 200 to Rs 701 per sq.ft.

What are the stamp duty and registration fees for property in Anantham 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 fees would amount to Rs 18,000.

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

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