Guideline Value for Anusha Nagar

Anusha Nagar guideline value

The current guideline value of Anusha Nagar, located in Kolapakkam village under the Pammal SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - I.

How the guideline value of Anusha Nagar has changed

The guideline value for Anusha Nagar has seen several revisions over the years. In the 2017 revision, the value was set at Rs 1,005 per sq.ft. This increased to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 has further raised the guideline value to Rs 1,650 per sq.ft, representing a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 6,850 per sq.ft, with a median value of Rs 2,200 per sq.ft. Anusha Nagar's guideline value is below this median.

• Anna Street (ward 9): Rs 2,750 per sq.ft (2024)
• Anna Street (ward 8): Rs 2,750 per sq.ft (2024)
• Anna Street (ward 7): Rs 2,750 per sq.ft (2024)
• Anna Street (ward 3): Rs 2,750 per sq.ft (2024)
• Arunagiri Street (ward 4): Rs 1,650 per sq.ft (2024)
• Arunagiri Street (ward 5): Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Anusha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty, charged at 7%, would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Anusha Nagar?

The Sub Registrar Office that covers Anusha Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for additional details.

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

The guideline value plays a crucial role in the property registration process in Kolapakkam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. The guideline value is set by the government and is periodically revised based on various factors.

When you register a property, the stamp duty is calculated based on the higher amount between the guideline value and the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anusha Nagar?

The current guideline value of Anusha Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 64% over these years.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,48,500.

Which office handles property registrations in Anusha Nagar?

The Pammal Sub Registrar Office is responsible for handling property registrations in Anusha Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value determined for properties in Kolapakkam?

The guideline value for properties in Kolapakkam is determined by the government and is subject to periodic revisions based on various factors. It is used to calculate the stamp duty and registration fees during property transactions.