Guideline Value for Anumanthaputheri Varadharaj Nagar

Anumanthaputheri Varadharaj Nagar guideline value

The current guideline value of Anumanthaputheri Varadharaj Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Chengalpattu Town village under the Chengleput Joint I SRO and is classified as Residential Class I Type - I.

How the guideline value of Anumanthaputheri Varadharaj Nagar has changed

The guideline value for Anumanthaputheri Varadharaj Nagar has undergone several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it saw a decrease to Rs 1,675 per sq.ft in 2017. The value then rose to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,750 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 the guideline value is 588%. The changes between the revisions include a 525% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

Guideline values in Chengalpattu Town

In Chengalpattu Town, there are 55 streets under the Chengleput Joint I SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value is Rs 3,025 per sq.ft, making Anumanthaputheri Varadharaj Nagar's current guideline value below that median.

• Anumanthaputheri T.V. Tower Road: Rs 1,650 per sq.ft (2024)
• Anumanthaputheri Pillaiyar Koil Street: Rs 2,750 per sq.ft (2024)
• Anumanthaputheri Nadu Street: Rs 1,650 per sq.ft (2024)
• Anumanthaputheri Madurai Veeran Koil Street: Rs 2,420 per sq.ft (2024)
• Anumanthaputheri Adhilakshmi Nagar: Rs 1,650 per sq.ft (2024)
• Anna Salai: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Anumanthaputheri Varadharaj Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. 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 Anumanthaputheri Varadharaj Nagar?

The Sub Registrar Office that covers Anumanthaputheri Varadharaj Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Chengalpattu Town. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is bought or sold, the buyer and seller must consider the guideline value to understand the financial implications of the transaction. The registration process will require adherence to these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Anumanthaputheri Varadharaj Nagar?

The current guideline value of Anumanthaputheri Varadharaj Nagar is Rs 2,750 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 400 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 588% over this period.

What does the guideline value indicate?

The guideline value indicates the minimum price at which properties in Anumanthaputheri Varadharaj Nagar can be registered. It is used to calculate stamp duty and registration fees during property transactions.

Where can I find the Chengleput Joint I SRO?

The Chengleput Joint I SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can visit this office for registration-related services.

How is stamp duty calculated in Anumanthaputheri Varadharaj Nagar?

Stamp duty in Anumanthaputheri Varadharaj Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% applies.