Guideline Value for Anjugam Nagar

Anjugam Nagar guideline value

The current guideline value of Anjugam Nagar is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Nandambakkam village under the Padappai SRO, classified as Residential Special Type - I.

How the guideline value of Anjugam Nagar has changed

Looking back at the revisions, the guideline value for Anjugam Nagar has seen significant changes. In 2007, the guideline value was Rs 50 per sq.ft. This increased dramatically to Rs 650 per sq.ft in 2012, marking a rise of 1,200%. However, between 2012 and 2017, the value decreased slightly to Rs 603 per sq.ft, a drop of 7%. The value then rose to Rs 900 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 990 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street, indicating that the guideline value was not established in those years. Overall, from 2007 to 2024, the guideline value has increased by 1,880%.

Guideline values in Nandambakkam

Nandambakkam village has a total of 94 streets under the Padappai SRO, with guideline values ranging from Rs 440 to Rs 2,300 per sq.ft. The median guideline value in this area is Rs 880 per sq.ft, placing Anjugam Nagar's 2024 figure above that median.

• Ambedkar Nagar: Rs 990 per sq.ft (2024)
• Alagesan Nagar: Rs 720 per sq.ft (2024)
• Balaji Nagar: Rs 990 per sq.ft (2024)
• Devendira Nagar: Rs 990 per sq.ft (2024)
• Devendra Nagar: Rs 990 per sq.ft (2024)
• Devendra Nagar Extension: Rs 990 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 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total to Rs 89,100. 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 Anjugam Nagar?

The Sub Registrar Office that covers Anjugam Nagar is 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 Nandambakkam

The guideline value plays a crucial role in the registration of property transactions in Nandambakkam. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded at a value that reflects the official rates set by the government.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the overall cost of the transaction. The guideline value serves as a benchmark for property valuation, ensuring transparency and consistency in the registration process.

Frequently asked questions

What is the current guideline value of Anjugam Nagar?

The current guideline value of Anjugam Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 50 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, marking an overall increase of 1,880%.

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

Other streets in Nandambakkam include Ambedkar Nagar and Balaji Nagar at Rs 990 per sq.ft, Alagesan Nagar at Rs 720 per sq.ft, and Devendira Nagar, Devendra Nagar, and Devendra Nagar Extension also at Rs 990 per sq.ft.

What is the stamp duty rate in Anjugam Nagar?

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

Where is the Sub Registrar Office for Anjugam Nagar located?

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