Guideline Value for SRI ANANDHA NAGAR

Sri Anandha Nagar guideline value

The current guideline value for Sri Anandha Nagar, located in Nelvay village under the Oothukkottai SRO, is Rs 100 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Sri Anandha Nagar has changed

In the 2012 revision, the guideline value was set at Rs 80 per sq.ft. This figure then decreased to Rs 54 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 100 per sq.ft, reflecting an 85% rise. The 2023 revision maintained the value at Rs 100 per sq.ft, which will carry forward into the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Sri Anandha Nagar. Overall, from 2012 to 2024, the guideline value has seen an increase of 25%.

Guideline values in Nelvay

In Nelvay village, there are a total of 8 streets under the Oothukkottai SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft. The median guideline value for these streets is also Rs 100 per sq.ft, placing Sri Anandha Nagar at the median level.

• Sri Balaji Nagar: Rs 100 per sq.ft (2024)
• Sri Padmavathi Nagar: Rs 100 per sq.ft (2024)
• Sakthi Venkateswara Nargar-Phase-1: Rs 100 per sq.ft (2024)
• Anjaneya Nagar-Phase-3: Rs 100 per sq.ft (2024)
• Anjaneya Nagar-Ext-1: Rs 100 per sq.ft (2024)
• Anjaneya Nagar-2: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Anandha Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Anandha Nagar?

Sri Anandha Nagar falls under the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nelvay. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Sri Anandha Nagar?

The current guideline value for Sri Anandha Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2012 to Rs 54 per sq.ft in 2017, then increased to Rs 100 per sq.ft in both 2023 and 2024.

Is there a guideline value for the years 2002, 2003, and 2007?

No, the register has no figures for Sri Anandha Nagar for the years 2002, 2003, and 2007.

What are the stamp duty and registration fees for a property in Sri Anandha Nagar?

For a 1,000 sq.ft plot valued at Rs 100 per sq.ft, the total stamp duty and registration fees would amount to Rs 9,000, which includes Rs 7,000 for stamp duty and Rs 2,000 for registration fees.

Where can I find the Sub Registrar Office for Sri Anandha Nagar?

The Oothukkottai Sub Registrar Office covers Sri Anandha Nagar and is located near the government hospital in Uthukottai, 602026, Chennai registration zone.