Guideline Value for ANANDAPURAM

Anandapuram guideline value

The current guideline value of Anandapuram, located in Mylapore village under the Mylapore SRO, is Rs 8,800 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - III.

How the guideline value of Anandapuram has changed

The guideline value of Anandapuram has seen significant changes over the years. The earliest recorded revision in 2002 set the value at Rs 1,660 per sq.ft. This value increased to Rs 1,844 per sq.ft in 2003, marking an 11% rise. Following this, the value rose to Rs 2,365 per sq.ft in 2007, a substantial increase of 28%. The next revision in 2012 saw a decrease to Rs 8,000 per sq.ft, a drop of 33% from the previous figure. However, in 2017, the value surged to Rs 5,360 per sq.ft, reflecting a significant increase of 49%.

In 2023, the guideline value further increased to Rs 8,000 per sq.ft, and in the latest revision for 2024, it is now Rs 8,800 per sq.ft, representing a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 430%. There are no revisions with figures missing for this street in the register.

Guideline values in Mylapore

In Mylapore village, there are 883 streets under the Mylapore SRO carrying a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median value is Rs 8,800 per sq.ft, which is the same as the current guideline value for Anandapuram.

• Ananda Salai: Rs 8,800 per sq.ft (2024)
• Anandam Colony: Rs 8,800 per sq.ft (2024)
• Ammaniammal Street: Rs 8,800 per sq.ft (2024)
• Andal Nainiyappan Street: Rs 8,800 per sq.ft (2024)
• Andhu Street: Rs 8,800 per sq.ft (2024)
• Alamelu Mangapuram: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Anandapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total to Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anandapuram?

Anandapuram is covered by the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Mylapore. It serves as a reference point for determining the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When a property transaction occurs, the guideline value helps in assessing the minimum value at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions, as the fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Anandapuram?

The current guideline value of Anandapuram is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,660 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 430% over the years.

What is the land classification for Anandapuram?

Anandapuram is classified as Residential Class III Type - III, indicating its primary use for residential purposes.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 88,00,000, the total fees would amount to Rs 7,92,000.

Where is the Sub Registrar Office for Anandapuram located?

The Mylapore Sub Registrar Office is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.