Guideline Value for Anugraham Nagar

Anugraham Nagar guideline value

The current guideline value of Anugraham Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This locality is situated in Siyamangalam village under the Walajabad Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Anugraham Nagar has changed

Over the years, the guideline value of Anugraham Nagar has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft, marking a decline of 33%. However, the subsequent 2023 revision brought the value back to Rs 250 per sq.ft, reflecting a 50% increase from the 2017 figure. The current 2024 revision maintains this value at Rs 250 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions shows that the guideline value has remained constant, with an overall change of 0% during this period.

Guideline values in Siyamangalam

Siyamangalam village has a range of guideline values across its 12 streets under the Walajabad SRO. The 2024 figures for these streets range from Rs 250 to Rs 371 per sq.ft, with a median value of Rs 300 per sq.ft. Anugraham Nagar's 2024 guideline value is below this median.

• Anugragham Nagar Ext: Rs 250 per sq.ft (2024)
• Anandham Nagar: Rs 300 per sq.ft (2024)
• Iyappa Nagar Group II: Rs 300 per sq.ft (2024)
• Pokisham Nagar: Rs 250 per sq.ft (2024)
• Sri Annamalaiyar Nagar: Rs 300 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Anugraham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is essential 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 Anugraham Nagar?

Anugraham Nagar falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Siyamangalam, the guideline value is used to calculate the stamp duty and registration fees that must be paid at the time of registration.

It is important for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. Proper understanding of these values ensures compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Anugraham Nagar?

The current guideline value of Anugraham Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 250 per sq.ft since 2023. It was previously Rs 167 per sq.ft in 2017 and Rs 250 per sq.ft in 2012, indicating fluctuations in the values over the years.

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

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500. These fees are calculated based on the guideline value.

Which office handles the registration for Anugraham Nagar?

The Walajabad Sub Registrar Office handles the registration for Anugraham Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department's guideline value register, which is revised periodically to reflect changes in land classification and market conditions.