Guideline Value for Anumanth Nagar

Anumanth Nagar guideline value

The current guideline value of Anumanth Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Palnalloor village, under the Sunguvarchattram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Anumanth Nagar has changed

Over the years, the guideline value for Anumanth Nagar has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 80 per sq.ft. This increased to Rs 200 per sq.ft in 2012, marking a significant rise of 150%. However, in 2017, the value adjusted downwards to Rs 134 per sq.ft, which was a decrease of 33%. The subsequent revision in 2023 maintained the value at Rs 200 per sq.ft, and this figure remains unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, there has been a 150% increase in the guideline value for Anumanth Nagar. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Palnalloor

In Palnalloor, there are 34 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 175 to Rs 471 per sq.ft, with a median value of Rs 200 per sq.ft. Anumanth Nagar's 2024 guideline value aligns with this median.

• Annai Therasa Nagar: Rs 175 per sq.ft (2024)
• Bajanai Kovil Street: Rs 175 per sq.ft (2024)
• Balaji Nagar Part - I: Rs 200 per sq.ft (2024)
• BalaVinayagar Street: Rs 175 per sq.ft (2024)
• Adhars Homes: Rs 200 per sq.ft (2024)
• Bharathi Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Anumanth Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty, charged at 7%, would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anumanth Nagar?

Anumanth Nagar falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Palnalloor, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value serves as a reference for calculating stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with local regulations and to avoid any potential disputes during the registration process. The guideline value is regularly updated, reflecting changes in the real estate market and local development.

Frequently asked questions

What is the current guideline value of Anumanth Nagar?

The current guideline value of Anumanth Nagar is Rs 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 80 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then decreased to Rs 134 per sq.ft in 2017, and returned to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification for Anumanth Nagar?

Anumanth Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 18,000.

Where is the Sub Registrar Office for Anumanth Nagar located?

The Sunguvarchattram Sub Registrar Office is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.