Guideline Value for Anitha Nagar

Anitha Nagar guideline value

The current guideline value of Anitha Nagar, located in Padappai village under the Padappai SRO, is Rs 830 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Anitha Nagar has changed

In the 2007 revision, the guideline value was Rs 50 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 750 per sq.ft, marking a change of +1400%. However, in the 2017 revision, the value decreased to Rs 502 per sq.ft, resulting in a drop of -33%. The 2023 revision set the value at Rs 750 per sq.ft, and the most recent 2024 revision increased it to Rs 830 per sq.ft, reflecting an increase of +11%.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +1560%. The register does not have figures for the years 2002 and 2003 for Anitha Nagar.

Guideline values in Padappai

In Padappai, there are 146 streets under the Padappai SRO, with guideline values ranging from Rs 440 to Rs 4,000 per sq.ft. The median guideline value is Rs 830 per sq.ft, which is equal to the current guideline value of Anitha Nagar. Below are other streets in Padappai:

• Annai Arul Nagar: Rs 660 per sq.ft (2024)
• Anna Nagar: Rs 660 per sq.ft (2024)
• Ambedgar Street: Rs 660 per sq.ft (2024)
• Arumugam Nagar: Rs 830 per sq.ft (2024)
• Asha Nagar: Rs 3,300 per sq.ft (2024)
• Abi's Asirvad Avenue Extension: Rs 3,100 per sq.ft (2024)

Stamp duty and registration fee for property in Anitha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value amounts to Rs 8,30,000. The stamp duty at 7% would be Rs 58,100, and the registration fee at 2% would be Rs 16,600, resulting in a total of Rs 74,700. 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 Anitha Nagar?

Anitha Nagar falls under the jurisdiction of the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Padappai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anitha Nagar?

The current guideline value of Anitha Nagar is Rs 830 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Anitha Nagar has changed from Rs 50 per sq.ft in 2007 to Rs 830 per sq.ft in 2024, reflecting an overall increase of +1560% over the years.

What is the land classification of Anitha Nagar?

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

Where can I find the Padappai Sub Registrar Office?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for property in Anitha Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 58,100.