Guideline Value for Anjaneya nagar

Anjaneya nagar guideline value

The current guideline value of Anjaneya nagar, located in Maakaanyam village under the Sriperumpudur SRO, is Rs 110 per sq.ft, effective from 1 July 2024. This area falls under Residential Class III Type - I land classification.

How the guideline value of Anjaneya nagar has changed

The guideline value for Anjaneya nagar has seen several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which was then reduced to Rs 67 per sq.ft in 2017. In 2023, the value increased to Rs 100 per sq.ft, and as of the 2024 revision, it stands at Rs 110 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 reflects a modest increase of 10%.

Guideline values in Maakaanyam

In Maakaanyam village, there are 41 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 600 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Anjaneya nagar is below this median.

• Amman Koil Street: Rs 150 per sq.ft (2024)
• Bajanai Koil Street: Rs 150 per sq.ft (2024)
• Balaji Nagar: Rs 450 per sq.ft (2024)
• Colony Bajanai Koil Street: Rs 100 per sq.ft (2024)
• Cross Street: Rs 110 per sq.ft (2024)
• Crystal Park: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Anjaneya nagar

For a plot of 1,000 sq.ft at the current guideline value of Rs 110 per sq.ft, the total guideline value would be Rs 1,10,000. The stamp duty at 7% would amount to Rs 7,700, and the registration fee at 2% would be Rs 2,200, bringing the total charges to Rs 9,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Anjaneya nagar?

The Sub Registrar Office that covers Anjaneya nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Maakaanyam. It is used to determine the stamp duty and registration fees that must be paid when registering a property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the transaction process.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Anjaneya nagar?

The current guideline value of Anjaneya nagar is Rs 110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023, and finally to Rs 110 per sq.ft in 2024.

What is the land classification of Anjaneya nagar?

Anjaneya nagar is classified as Residential Class III Type - I land.

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

Stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Anjaneya nagar located?

The Sub Registrar Office for Anjaneya nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.