Guideline Value for SriAnandavalli Nagar

SriAnandavalli Nagar guideline value

The current guideline value of SriAnandavalli Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This locality is situated in Mambakkam village, under the Sunguvarchattram SRO, and is classified as a New House Site Type -I (Individual House Site).

How the guideline value of SriAnandavalli Nagar has changed

Over the years, the guideline value for SriAnandavalli Nagar has seen several revisions. The 2012 revision set the value at Rs 700 per sq.ft, which remained unchanged in the 2023 revision. The 2024 revision also maintains this figure at Rs 700 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, and 2007.

Looking back further, the 2017 revision recorded a guideline value of Rs 469 per sq.ft, marking a significant increase of 49% to Rs 700 per sq.ft by 2023. However, from 2012 to 2017, there was a decrease of 33%, returning to the 2012 value of Rs 700 per sq.ft by 2024. Overall, from 2012 to 2024, the guideline value has remained unchanged.

Guideline values in Mambakkam

In Mambakkam, there are 39 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 200 to Rs 1,418 per sq.ft. The median guideline value for these streets is Rs 305 per sq.ft, placing SriAnandavalli Nagar's 2024 figure above this median.

• Srinivasapuram: Rs 250 per sq.ft (2024)
• Sri Renugambal Nagar: Rs 505 per sq.ft (2024)
• Sri umariamman Kovil Street: Rs 200 per sq.ft (2024)
• Saar City Annex-1: Rs 1,050 per sq.ft (2024)
• Saar City: Rs 1,418 per sq.ft (2024)
• R.R Salai: Rs 305 per sq.ft (2024)

Stamp duty and registration fee for property in SriAnandavalli Nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that the 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 more details.

Which Sub Registrar Office covers SriAnandavalli Nagar?

The Sub Registrar Office that covers SriAnandavalli Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Mambakkam. It is used as a benchmark for assessing the value of properties during registration. Buyers and sellers must be aware of the guideline value as it directly influences the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of SriAnandavalli Nagar?

The current guideline value of SriAnandavalli Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2012 to 2024, with a significant increase from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft by 2023.

What is the median guideline value in Mambakkam?

The median guideline value in Mambakkam is Rs 305 per sq.ft, with SriAnandavalli Nagar's 2024 figure being above this median.

What are the stamp duty rates applicable in SriAnandavalli Nagar?

The stamp duty rate for property transactions in SriAnandavalli Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles the registration for SriAnandavalli Nagar?

The Sunguvarchattram Sub Registrar Office handles the registration for SriAnandavalli Nagar, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.