Guideline Value for Anjugam Nagar

Anjugam Nagar guideline value

The current guideline value of Anjugam Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Kodungaiyur village under the Madhavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Anjugam Nagar has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, there has been an 8% increase in the guideline value. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Kodungaiyur

Kodungaiyur has 1,318 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which matches the current guideline value for Anjugam Nagar.

• Anbu Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Anbu Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Anbu Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Annai Sandhya Nagar: Rs 2,200 per sq.ft (2024)
• Annai Sathiya Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Annai Sathiya Nagar 4th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Anjugam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anjugam Nagar?

The Sub Registrar Office that covers Anjugam Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property in Kodungaiyur, the guideline value is used to calculate the applicable fees. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Anjugam Nagar?

The current guideline value of Anjugam Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Anjugam Nagar remained Rs 2,500 per sq.ft from 2012 to 2023, before increasing to Rs 2,700 per sq.ft in 2024. Overall, there has been an 8% increase from 2012 to 2024.

What other streets have similar guideline values in Kodungaiyur?

Other streets in Kodungaiyur, such as Anbu Nagar 1st, 2nd, and 3rd Streets, also have a guideline value of Rs 2,700 per sq.ft in 2024. Streets like Annai Sandhya Nagar and Annai Sathiya Nagar have lower values of Rs 2,200 per sq.ft.

What are the fees associated with buying property in Anjugam Nagar?

When purchasing property in Anjugam Nagar, buyers should consider the stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price. For example, a 1,000 sq.ft plot would incur a total fee of Rs 2,43,000.

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

The Madhavaram Sub Registrar Office covers Anjugam Nagar and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.