Guideline Value for Anja Puzhal Nagar

Anja Puzhal Nagar guideline value

The current guideline value of Anja Puzhal Nagar is Rs 1,102 per sq.ft, effective from 1 July 2024. This locality is situated in Puzhal village under the Redhills SRO and is classified as Residential Class III Type - I.

How the guideline value of Anja Puzhal Nagar has changed

Over the years, the guideline value of Anja Puzhal Nagar has seen several revisions. The 2012 revision set the value at Rs 700 per sq.ft, which decreased to Rs 469 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, there was a significant increase of 113%, raising the value to Rs 1,000 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 1,102 per sq.ft, marking a rise of 10% from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 57%.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with the median value being Rs 1,102 per sq.ft. Anja Puzhal Nagar's 2024 guideline value aligns with this median.

• Anna Memorial Nagar: Rs 1,650 per sq.ft (2024)
• Anna Nagar: Rs 1,650 per sq.ft (2024)
• Anna Nagar 1 st Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar 2 nd Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar 3 rd Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar 4 th Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Anja Puzhal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,102 per sq.ft, the total guideline value comes to Rs 11,02,000. The stamp duty at 7% would be Rs 77,140, and the registration fee at 2% would be Rs 22,040, making the total cost for these fees Rs 99,180. It is essential 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 Anja Puzhal Nagar?

The Sub Registrar Office that covers Anja Puzhal Nagar is 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 Puzhal

The guideline value is a crucial factor in property transactions in Puzhal, as it determines the minimum value at which a property can be registered. When a property is bought or sold, the registration fee and stamp duty are calculated based on the guideline value or the sale price, whichever is higher.

This ensures that the government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Anja Puzhal Nagar?

The current guideline value of Anja Puzhal Nagar is Rs 1,102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,102 per sq.ft in 2024.

What are the other guideline values in Puzhal?

In Puzhal, the guideline values range from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,102 per sq.ft. Anja Puzhal Nagar's value matches this median.

What are the stamp duty and registration fees for property in Anja Puzhal Nagar?

For a property valued at Rs 11,02,000, the stamp duty would be Rs 77,140 and the registration fee would be Rs 22,040, totaling Rs 99,180.

Which office handles property registration in Anja Puzhal Nagar?

The Redhills Sub Registrar Office handles property registration for Anja Puzhal Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.