Guideline Value

Corporate

Guideline Value for Ananthi Nagar

₹1002/sq.ft.

The guideline value for Ananthi Nagar in Chettimedu village (Redhills SRO, Chennai zone) is Rs 1002 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 151% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chettimedu

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1002 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹25 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Ananthi Nagar guideline value

The current guideline value of Ananthi Nagar, located in Chettimedu village under the Redhills SRO, is Rs 1,002 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Ananthi Nagar has changed

The guideline value for Ananthi Nagar has experienced significant changes over the years. In 2003, the guideline value was Rs 25 per sq.ft, which increased to Rs 300 per sq.ft in 2007. The value then rose to Rs 400 per sq.ft in 2012, but saw a decrease to Rs 268 per sq.ft in 2017. The value rebounded to Rs 400 per sq.ft in 2023, before reaching the current rate of Rs 1,002 per sq.ft in 2024. Notably, there is no figure available for this street in the 2002 revision.

From 2023 to 2024, the guideline value increased by 151%. Comparing the 2017 revision to 2023, there was a 49% increase. The value decreased by 33% from 2012 to 2017, while it increased by 33% from 2007 to 2012. The most substantial increase was from 2003 to 2007, with a remarkable rise of 1100%. Overall, from 2003 to 2024, the guideline value has surged by 3908%.

Guideline values in Chettimedu

In Chettimedu, there are 26 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,008 per sq.ft. The median guideline value is Rs 1,002 per sq.ft, placing Ananthi Nagar's value at the median level.

Stamp duty and registration fee for property in Ananthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, while the registration fee at 2% would be Rs 20,040, bringing the total to Rs 90,180. 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 Ananthi Nagar?

Ananthi Nagar falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Chettimedu, as it determines the minimum value at which properties can be registered. When buying or selling a property, the guideline value serves as a benchmark for calculating stamp duty and registration fees.

During the registration process, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ananthi Nagar?

The current guideline value of Ananthi Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 25 per sq.ft in 2003 to Rs 1,002 per sq.ft in 2024, marking an overall increase of 3908% over the years.

What is the land classification of Ananthi Nagar?

Ananthi Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Redhills Sub Registrar Office?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Ananthi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 10,02,000, the stamp duty would be Rs 70,140 at 7%.