Guideline Value for Rani Anna Nagar

Rani Anna Nagar guideline value

The current guideline value of Rani Anna Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Nandhivaram village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Rani Anna Nagar has changed

Over the years, the guideline value of Rani Anna Nagar has seen several revisions. The earliest recorded revision in 2002 set the value at Rs 88 per sq.ft. This increased significantly to Rs 328 per sq.ft in 2007, marking a 273% rise. In 2012, the value reached Rs 1,500 per sq.ft, representing a substantial increase of 357%. However, by 2017, the value dropped to Rs 1,005 per sq.ft, a decrease of 33%. The value remained stable at Rs 1,500 per sq.ft in 2023 and again in 2024, indicating no change between these two revisions.

Overall, from 2002 to 2024, the guideline value has increased by 1605%. The register does not have a figure for the year 2003 for this street.

Guideline values in Nandhivaram

Nandhivaram village has 169 streets under the Gooduvancheri SRO, with the 2024 guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, which is equal to the current guideline value for Rani Anna Nagar.

• Rose Avenue: Rs 1,000 per sq.ft (2024)
• Sadasivam Nagar: Rs 1,500 per sq.ft (2024)
• Sakthi Nagar: Rs 1,500 per sq.ft (2024)
• Sakthi Nagar Extn: Rs 1,500 per sq.ft (2024)
• Radha Nagar (Near G.S.T Road): Rs 3,500 per sq.ft (2024)
• Radha Nagar (212/2): Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Rani Anna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty, calculated at 7%, would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000. Therefore, the total cost for stamp duty and registration would be Rs 1,35,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Rani Anna Nagar?

The Rani Anna Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

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

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to consider this value, as it can influence negotiations and the final sale price of the property.

Frequently asked questions

What is the current guideline value of Rani Anna Nagar?

The current guideline value of Rani Anna Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 88 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2012, then dropping to Rs 1,005 per sq.ft in 2017, and stabilizing at Rs 1,500 per sq.ft in 2023 and 2024.

What is the land classification for Rani Anna Nagar?

The land classification for Rani Anna Nagar is Residential Special Type - I, indicating its designated use for residential purposes.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a plot valued at Rs 15,00,000, the total fees would amount to Rs 1,35,000.

Which office handles property registrations in Rani Anna Nagar?

The Gooduvancheri Sub Registrar Office handles property registrations for Rani Anna Nagar, located near the Veterinary Hospital in Nandhivaram.