Guideline Value for RANI ANNA NAGAR -ANJUGAM STREET

Rani Anna Nagar -Anjugam Street guideline value

The current guideline value of Rani Anna Nagar -Anjugam Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village, under the Kodambakkam SRO, and is classified as Residential Special Type - III.

How the guideline value of Rani Anna Nagar -Anjugam Street has changed

The guideline value for Rani Anna Nagar -Anjugam Street has seen several revisions over the years. In 2007, the value was Rs 1,100 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, this value dropped to Rs 3,350 per sq.ft in 2017. The subsequent revision in 2023 set the value at Rs 5,000 per sq.ft, and the latest revision in 2024 increased it to Rs 5,500 per sq.ft, marking a 10% rise from the previous year.

From 2007 to 2024, the overall change in the guideline value is an increase of 400%. The revisions for the years 2002 and 2003 do not have figures recorded for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft, with a median value of Rs 6,000 per sq.ft. Rani Anna Nagar -Anjugam Street's 2024 guideline value is below this median.

• Rani Anna Nagar -Bharathidasan Street: Rs 6,000 per sq.ft (2024)
• Rani Anna Nagar -Cheran Street: Rs 5,500 per sq.ft (2024)
• Rani Anna Nagar -E.V.R. Periyar Street: Rs 5,500 per sq.ft (2024)
• Rani Anna Nagar -Kalingar Street: Rs 5,500 per sq.ft (2024)
• Rani Anna Nagar - Main Road: Rs 6,000 per sq.ft (2024)
• Rani Anna Nagar -Mettu Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Rani Anna Nagar -Anjugam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty, charged at 7%, would amount to Rs 3,85,000, and the registration fee, charged at 2%, would be Rs 1,10,000. Together, the total fees would be Rs 4,95,000. 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 Rani Anna Nagar -Anjugam Street?

The Sub Registrar Office that covers Rani Anna Nagar -Anjugam Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Arumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in the eyes of the law. It is essential for buyers to be aware of the guideline value to ensure they are paying a fair price and to avoid any legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Rani Anna Nagar -Anjugam Street?

The current guideline value of Rani Anna Nagar -Anjugam Street is Rs 5,500 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 1,100 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 400% over the years.

What is the land classification for Rani Anna Nagar -Anjugam Street?

Rani Anna Nagar -Anjugam Street is classified as Residential Special Type - III, which indicates its intended use for residential purposes.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Rani Anna Nagar -Anjugam Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable on the guideline value.