Guideline Value for SRI ANANDHA NAGAR

Sri Anandha Nagar guideline value

The current guideline value of Sri Anandha Nagar, located in Agaram village under the Ponneri SRO, is Rs 150 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Sri Anandha Nagar has changed

In the 2017 revision, the guideline value was set at Rs 100 per sq.ft. This figure remained unchanged until the 2023 revision, where it was again recorded at Rs 150 per sq.ft. The 2024 revision, effective from 1 July 2024, also maintains this rate of Rs 150 per sq.ft, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a 50% increase in the guideline value. The revisions for the years 2002, 2003, 2007, and 2012 do not have any figures recorded for this street in the register.

Guideline values in Agaram

In Agaram village, there are three streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 150 per sq.ft. The median guideline value for these streets is Rs 100 per sq.ft, placing Sri Anandha Nagar's 2024 figure above that median.

• Sri Balamurugan Mega Garden: Rs 100 per sq.ft (2024)
• Poonam Nagar: 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 guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, resulting in a total of Rs 13,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sri Anandha Nagar?

The Sub Registrar Office that covers Sri Anandha Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Agaram. It is used to determine the stamp duty and registration fees that are payable at the time of registration.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Anandha Nagar?

The current guideline value of Sri Anandha Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in both 2023 and 2024, marking a 50% increase overall from 2017 to 2024.

What are the other streets in Agaram with guideline values?

Other streets in Agaram include Sri Balamurugan Mega Garden and Poonam Nagar, both of which have a guideline value of Rs 100 per sq.ft for 2024.

What is the stamp duty on property in Sri Anandha Nagar?

The stamp duty for property in Sri Anandha Nagar is 7% of the guideline value, which would be Rs 10,500 for a property valued at Rs 1,50,000.

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

The Sub Registrar Office for Sri Anandha Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information through the provided link.