Guideline Value for R.R.Nagar (Ananda street)

R.R.Nagar (Ananda street) guideline value

The current guideline value for R.R.Nagar (Ananda street) is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of R.R.Nagar (Ananda street) has changed

Over the years, the guideline value for R.R.Nagar (Ananda street) has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 1,500 per sq.ft. The latest revision in 2024 has further increased the value to Rs 1,650 per sq.ft, reflecting a rise of 10% from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which aligns with the current value for R.R.Nagar (Ananda street).

• Russo Street: Rs 1,650 per sq.ft (2024)
• Roslien St: Rs 2,750 per sq.ft (2024)
• Roselin nagar muthal street: Rs 2,750 per sq.ft (2024)
• Roselin nagar 2nd street: Rs 2,750 per sq.ft (2024)
• Roseling Nagar: Rs 2,750 per sq.ft (2024)
• Sabari Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in R.R.Nagar (Ananda street)

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 at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost 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.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers R.R.Nagar (Ananda street)?

The Sub Registrar Office that covers R.R.Nagar (Ananda street) is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Chitlapakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid during the registration process. This ensures that the government receives the appropriate revenue based on the value of the property being transacted.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the costs associated with property transactions. Understanding these values can help in better financial planning and compliance with legal requirements during the buying or selling process.

Frequently asked questions

What is the current guideline value for R.R.Nagar (Ananda street)?

The current guideline value for R.R.Nagar (Ananda street) is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for R.R.Nagar (Ananda street)?

The land classification for R.R.Nagar (Ananda street) is Residential Class I Type - III.

Where can I find the Sub Registrar Office for R.R.Nagar (Ananda street)?

The Sub Registrar Office for R.R.Nagar (Ananda street) is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.

How is the stamp duty calculated for properties in R.R.Nagar (Ananda street)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would amount to Rs 1,15,500.