Guideline Value for Ananthi Nagar

Ananthi Nagar guideline value

The current guideline value of Ananthi Nagar, located in Pullilyon village under the Redhills SRO, is Rs 770 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 seen several revisions over the years. Starting from Rs 29 per sq.ft in 2003, it increased significantly to Rs 400 per sq.ft in 2007. Following this, the value rose to Rs 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017. The value was revised to Rs 700 per sq.ft again in 2023 before reaching the current figure of Rs 770 per sq.ft in 2024. The register has no figure for this street in 2002.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 is noted at 10%. The most significant change was observed between 2003 and 2007, with an increase of 1279%. Overall, from 2003 to 2024, the guideline value has risen by 2555%.

Guideline values in Pullilyon

In Pullilyon, there are 77 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 700 per sq.ft. Ananthi Nagar's current guideline value is above this median.

• Anbu Nagar: Rs 550 per sq.ft (2024)
• Anbu Nagar Annex: Rs 440 per sq.ft (2024)
• Annai Avenue: Rs 440 per sq.ft (2024)
• Annai Nagar: Rs 550 per sq.ft (2024)
• Anna Nagar: Rs 440 per sq.ft (2024)
• Abirami Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Ananthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total fees together Rs 69,300. 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 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. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration of property transactions in Pullilyon. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value as per government regulations.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction. This ensures that both the buyer and seller adhere to the legal requirements set by the state authorities.

Frequently asked questions

What is the current guideline value of Ananthi Nagar?

The current guideline value of Ananthi Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 29 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, with several revisions in between. Notably, there was a significant increase of 1279% from 2003 to 2007.

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 is the Redhills Sub Registrar Office located?

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

How is the stamp duty calculated for property in Ananthi Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 770 per sq.ft, the stamp duty would be Rs 53,900.