Guideline Value for Anugraha Colony

Anugraha Colony guideline value

The current guideline value of Anugraha Colony, located in Kodambakkam village under the Ashok Nagar SRO, is Rs 8,800 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Anugraha Colony has changed

The guideline value for Anugraha Colony has seen several revisions over the years. In 2007, the guideline value was set at Rs 3,800 per sq.ft. This increased significantly to Rs 8,000 per sq.ft in 2012, but then decreased to Rs 5,360 per sq.ft in 2017. Following this, the value rose to Rs 8,000 per sq.ft in 2023, and currently stands at Rs 8,800 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2007 to 2024, the overall increase in guideline value is 132%. The changes between the revisions include a 111% increase from 2007 to 2012, followed by a 33% decrease from 2012 to 2017. The value then increased by 49% from 2017 to 2023 and by 10% from 2023 to 2024.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. Anugraha Colony's 2024 figure of Rs 8,800 per sq.ft is above this median.

• Anna Veethi: Rs 3,300 per sq.ft (2024)
• Anna Veedhi Main Street: Rs 3,300 per sq.ft (2024)
• Anna Veedhi 5th Street: Rs 3,300 per sq.ft (2024)
• Anna Veedhi 4th Street: Rs 3,300 per sq.ft (2024)
• Anna Veedhi 3rd Street: Rs 3,300 per sq.ft (2024)
• Anna Veedhi 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anugraha Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total to Rs 7,92,000. 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 Anugraha Colony?

The Sub Registrar Office that covers Anugraha Colony is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kodambakkam. It is used as a basis for calculating stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must refer to the current guideline value to determine the costs associated with the registration process.

When a property is sold, the guideline value is essential for ensuring that the transaction is registered correctly. It helps in establishing a fair price for the property, which is necessary for legal documentation and tax purposes.

Frequently asked questions

What is the current guideline value of Anugraha Colony?

The current guideline value of Anugraha Colony is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, with the most recent increase being from Rs 8,000 per sq.ft in 2023 to Rs 8,800 per sq.ft in 2024. The overall increase from 2007 to 2024 is 132%.

What is the land classification of Anugraha Colony?

Anugraha Colony is classified as Mixed Type - I land. This classification can affect the usage and development of properties in the area.

Where can I find the Sub Registrar Office for Anugraha Colony?

The Sub Registrar Office for Anugraha Colony is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Anugraha Colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000 at a rate of 7%.