Guideline Value for Anugraham Nagar Virivakkam

Anugraham Nagar Virivakkam guideline value

The current guideline value of Anugraham Nagar Virivakkam is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Anugraham Nagar Virivakkam has changed

The guideline value for Anugraham Nagar has seen several revisions over the years. In 2002, the guideline value was Rs 79 per sq.ft, which increased to Rs 100 per sq.ft in 2003, marking a 27% increase. By 2007, the value rose significantly to Rs 200 per sq.ft, reflecting a 100% change. The 2012 revision brought the value back to Rs 1,100 per sq.ft, a notable increase of 450% from the previous figure. However, this was followed by a decrease to Rs 737 per sq.ft in 2017, a drop of 33%.

In 2023, the guideline value was revised to Rs 1,100 per sq.ft, and the latest revision in 2024 set it at Rs 1,200 per sq.ft, marking a 9% increase. Overall, from 2002 to 2024, the guideline value has increased by 1419%. The register has no figure for Anugraham Nagar for the years not mentioned.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values for 2024 ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for this area is Rs 2,400 per sq.ft, indicating that Anugraham Nagar's 2024 figure is below the median.

• Anugraham Nagar: Rs 1,200 per sq.ft (2024)
• Anuman Nagar: Rs 1,600 per sq.ft (2024)
• Anuman Nagar Alexander Street: Rs 1,600 per sq.ft (2024)
• Anuman Nagar Ambedkar 1st Street: Rs 1,600 per sq.ft (2024)
• Anuman Nagar Ambedkar 2st Street: Rs 1,600 per sq.ft (2024)
• Anuman Nagar kakkanji Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Anugraham Nagar Virivakkam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anugraham Nagar Virivakkam?

The Sub Registrar Office that covers Anugraham Nagar Virivakkam is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Thirumullaivoyal. It is used to determine the stamp duty and registration fees applicable during the buying or selling process. The guideline value ensures that the transaction is recorded at a fair price, reflecting the current market conditions.

When registering a property, buyers should be aware that the guideline value may differ from the sale price. The registration office will charge the stamp duty based on the higher of the two values, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Anugraham Nagar Virivakkam?

The current guideline value of Anugraham Nagar Virivakkam is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 79 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, showing a significant overall increase of 1419% over the years.

What are the stamp duty and registration fees for a property in Anugraham Nagar?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Which office handles registrations for Anugraham Nagar?

The Ambattur Sub Registrar Office is responsible for registrations in Anugraham Nagar Virivakkam, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Anugraham Nagar Virivakkam?

The land classification for Anugraham Nagar Virivakkam is Residential Class IV Type - II, which indicates the type of residential use permitted in this area.