Guideline Value for Sri Ananthanathan Nagar

Sri Ananthanathanathan Nagar guideline value

The current guideline value of Sri Ananthanathan Nagar is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Mannivakkam village and falls under the Gooduvancheri SRO, classified as Residential Special Type - II.

How the guideline value of Sri Ananthanathan Nagar has changed

The guideline value for Sri Ananthanathan Nagar has seen several revisions over the years. The oldest recorded figure is from 2007, when the guideline value was Rs 250 per sq.ft. This increased significantly to Rs 900 per sq.ft in 2012, marking a 260% rise. However, the value dropped to Rs 603 per sq.ft in 2017, reflecting a decrease of 33%. The most recent revision before 2024 was in 2023, where the value was Rs 900 per sq.ft, which then increased to Rs 990 per sq.ft in 2024, a 10% rise.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 296%.

Guideline values in Mannivakkam

In Mannivakkam, there are 118 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 330 to Rs 4,300 per sq.ft, with a median value of Rs 1,215 per sq.ft. The guideline value of Sri Ananthanathan Nagar is below this median.

• Sri Baba Nagar: Rs 770 per sq.ft (2024)
• Sri Balaji Nagar: Rs 990 per sq.ft (2024)
• South Mada Street: Rs 940 per sq.ft (2024)
• Sri Ganesha Nagar: Rs 1,325 per sq.ft (2024)
• Sivapriya Avenue: Rs 990 per sq.ft (2024)
• Sivan Koil West Mada Veethi: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ananthanathan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, while the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Ananthanathan Nagar?

The Sub Registrar Office that covers Sri Ananthanathan Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Mannivakkam. It is used as a basis for calculating the stamp duty and registration fees during the registration process. Buyers and sellers must be aware that the guideline value is often considered in the legal documentation and financial assessments of property transactions.

When a property is sold, the guideline value is compared to the sale price. The stamp duty is charged on the higher of the two values, ensuring that the government receives the appropriate revenue from property transactions. This process helps maintain transparency and consistency in real estate dealings.

Frequently asked questions

What is the current guideline value of Sri Ananthanathan Nagar?

The current guideline value of Sri Ananthanathan Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, showing an overall increase of 296% over the years.

What is the land classification of Sri Ananthanathan Nagar?

Sri Ananthanathan Nagar is classified as Residential Special Type - II.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sri Ananthanathan Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 9,90,000, the stamp duty would be Rs 69,300 at 7%.