Guideline Value for Anjaneyar Nagar

Anjaneyar Nagar guideline value

The current guideline value of Anjaneyar Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024. This locality is situated in Zaminpallavaram village, under the Pallavaram SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Anjaneyar Nagar has changed

Over the years, the guideline value of Anjaneyar Nagar has seen significant changes. In 2003, the value was Rs 303 per sq.ft, which increased to Rs 600 per sq.ft in 2007, marking a 98% increase. The value further rose to Rs 3,200 per sq.ft in 2012, representing a substantial 433% increase from the previous revision. However, from 2012 to 2017, the value decreased to Rs 2,144 per sq.ft, reflecting a drop of 33%. The most recent revision in 2024 set the guideline value at Rs 3,520 per sq.ft, which is a 64% increase from 2017.

Overall, from 2003 to 2024, the guideline value has increased by 1062%. It is important to note that the register has no figures for the years 2023 and 2002 for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Anjaneyar Nagar is above this median.

• Andavar Street: Rs 2,100 per sq.ft (2024)
• Anbulingam Street: Rs 2,750 per sq.ft (2024)
• Anantharam Street: Rs 3,520 per sq.ft (2024)
• Annai Therasa Nagar: Rs 3,300 per sq.ft (2024)
• Amman Koil street: Rs 3,520 per sq.ft (2024)
• Ammani ammal Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anjaneyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total cost for these fees to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anjaneyar Nagar?

The Sub Registrar Office that covers Anjaneyar Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Zaminpallavaram. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for legal and tax purposes.

When a property is sold, the buyer must pay 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 in the area.

Frequently asked questions

What is the current guideline value of Anjaneyar Nagar?

The current guideline value of Anjaneyar Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 303 per sq.ft to Rs 3,520 per sq.ft in 2024, representing an overall increase of 1062%.

What is the stamp duty rate in Anjaneyar Nagar?

The stamp duty rate in Anjaneyar Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Anjaneyar Nagar?

The Sub Registrar Office for Anjaneyar Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

What are the other streets in Zaminpallavaram with their guideline values?

Other streets in Zaminpallavaram include Andavar Street at Rs 2,100 per sq.ft, Anbulingam Street at Rs 2,750 per sq.ft, and Anantharam Street at Rs 3,520 per sq.ft, among others.