Guideline Value for Anuman Nagar

Anuman Nagar guideline value

The current guideline value of Anuman Nagar, located in Thirumullaivoyal village under the Ambattur SRO, is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Anuman Nagar has changed

The guideline value for Anuman Nagar has seen several revisions over the years. In 2002, the value was Rs 126 per sq.ft, which increased to Rs 145 per sq.ft in 2003, marking a 15% rise. The value then saw a significant increase to Rs 200 per sq.ft in 2007, representing a 38% change. By 2012, the value reached Rs 1,500 per sq.ft, showcasing a remarkable 650% increase from the previous revision. However, this value dropped to Rs 1,005 per sq.ft in 2017, a decrease of 33%. The latest revision in 2024 saw the guideline value rise to Rs 1,600 per sq.ft, which is a 59% increase from the 2017 figure. The register has no figure for this street in 2023.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value for Anuman Nagar is below this median.

• 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)
• Anuman Nagar Kamaraj Street: Rs 1,600 per sq.ft (2024)
• Anuman Nagar Kattabomman Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Anuman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total fees Rs 1,44,000. It is important to note that the 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 Anuman Nagar?

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

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

The guideline value plays a crucial role during the registration of property transactions in Thirumullaivoyal. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of the transaction. The registration process requires that the property be valued at the guideline rate or the sale price, whichever is higher, to ensure transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Anuman Nagar?

The current guideline value of Anuman Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 126 per sq.ft in 2002 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 1170% over the years.

What are the stamp duty and registration fees in Anuman Nagar?

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,12,000, and the registration fee would be Rs 32,000, totaling Rs 1,44,000 based on the current guideline value.

Which office handles property registrations in Anuman Nagar?

The Ambattur Sub Registrar Office handles property registrations in Anuman Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions, ensuring compliance with local regulations and transparency in dealings.