Guideline Value for B.V.ANANDAM NAGAR

B.V.Anandam Nagar guideline value

The current guideline value of B.V.Anandam Nagar, located in Perumpakkam village under the Tiruvallur Joint 1 SRO, is Rs 770 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of B.V.Anandam Nagar has changed

In the 2012 revision, the guideline value was Rs 700 per sq.ft. This figure decreased to Rs 469 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant increase to Rs 700 per sq.ft, which is a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Perumpakkam

In Perumpakkam, there are 17 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 680 to Rs 1,650 per sq.ft. The median value is Rs 770 per sq.ft, which is equal to the current guideline value for B.V.Anandam Nagar.

• Golden Avenue: Rs 1,650 per sq.ft (2024)
• Anandam Garden: Rs 1,320 per sq.ft (2024)
• Javahar Nagar: Rs 1,650 per sq.ft (2024)
• J.J. Nagar: Rs 770 per sq.ft (2024)
• K.K. Nagar: Rs 680 per sq.ft (2024)
• Kohinur Avenue: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in B.V.Anandam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty, charged at 7%, would amount to Rs 53,900, and the registration fee, charged at 2%, would be Rs 15,400. Together, the total cost for these fees would be Rs 69,300. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers B.V.Anandam Nagar?

B.V.Anandam Nagar falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Perumpakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of B.V.Anandam Nagar?

The current guideline value of B.V.Anandam Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012, decreased to Rs 469 per sq.ft in 2017, increased to Rs 700 per sq.ft in 2023, and finally reached Rs 770 per sq.ft in 2024.

What is the land classification of B.V.Anandam Nagar?

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

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, while the registration fee is 2%. For a plot valued at Rs 7,70,000, the total fees would amount to Rs 69,300.

Which office handles property registrations in this area?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations for B.V.Anandam Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.