Guideline Value for Anantham Royal City Phase-I & II

Anantham Royal City Phase-I & II guideline value

The current guideline value of Anantham Royal City Phase-I & II is Rs 350 per sq.ft, effective from 1 July 2024. This property is located in Nattarasampattu village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Anantham Royal City Phase-I & II has changed

Over the years, the guideline value for Anantham Royal City Phase-I & II has experienced several revisions. The 2007 revision set the value at Rs 351 per sq.ft, which remained unchanged in the 2012 revision at Rs 350 per sq.ft. The 2017 revision saw a decrease to Rs 234 per sq.ft, followed by a significant increase in the 2023 revision, bringing it back to Rs 350 per sq.ft. The current 2024 revision maintains this value at Rs 350 per sq.ft, showing no change from the previous year.

Notably, there are no figures available for the revisions in 2002 and 2003 for this street. The overall change from the 2007 revision to the 2024 revision is +0%, indicating stability in the guideline value over this period.

Guideline values in Nattarasampattu

Nattarasampattu contains 24 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 250 to Rs 700 per sq.ft. The median guideline value is Rs 350 per sq.ft, which aligns with the current value for Anantham Royal City Phase-I & II.

• A.V.P. Nagar: Rs 350 per sq.ft (2024)
• Balaji Avenue: Rs 350 per sq.ft (2024)
• Balaji Avenue Phase I & II: Rs 350 per sq.ft (2024)
• Dalmia Nagar: Rs 350 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 250 per sq.ft (2024)
• Golden Rain Avenue: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Anantham Royal City Phase-I & II

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 3,50,000. The stamp duty at 7% amounts to Rs 24,500, and the registration fee at 2% is Rs 7,000, totaling Rs 31,500. It's important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anantham Royal City Phase-I & II?

The Sub Registrar Office that covers Anantham Royal City Phase-I & II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nattarasampattu. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property transaction occurs, the guideline value is referenced to determine the applicable fees. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Anantham Royal City Phase-I & II?

The current guideline value for Anantham Royal City Phase-I & II is Rs 350 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 change occurring in 2023, where it was maintained at Rs 350 per sq.ft. The value has remained stable since 2007, with fluctuations noted in earlier revisions.

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

For a 1,000 sq.ft plot, the stamp duty is Rs 24,500, and the registration fee is Rs 7,000, totaling Rs 31,500. These fees are based on the guideline value of Rs 3,50,000.

Which office handles property registrations in this area?

The Gooduvancheri Sub Registrar Office is responsible for property registrations in Anantham Royal City Phase-I & II. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

What is the significance of the guideline value in property transactions?

The guideline value is essential for determining the stamp duty and registration fees during property transactions. It ensures that the fees are consistent with the official valuation of the property, facilitating a smoother registration process.