Guideline Value for ANANTHAN STREET

Ananthan Street guideline value

The current guideline value of Ananthan Street is Rs 11,000 per sq.ft. This street is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Residential Special Type - I.

How the guideline value of Ananthan Street has changed

The guideline value for Ananthan Street has seen significant changes over the years. In 2002, the value was Rs 1,163 per sq.ft, which increased to Rs 1,900 per sq.ft in 2003, marking a 63% rise. The value then rose to Rs 2,000 per sq.ft in 2007, a 5% increase. Following this, the value jumped to Rs 10,000 per sq.ft in 2012, reflecting a substantial 400% increase. However, it decreased to Rs 6,700 per sq.ft in 2017, indicating a 33% drop. The value then increased again to Rs 10,000 per sq.ft in 2023, and finally, it reached Rs 11,000 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 846%. The register has no figures for the years not mentioned in this overview.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO, with guideline values for 2024 ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median value is Rs 11,000 per sq.ft, which is the same as the current guideline value for Ananthan Street.

• Amudham Colony: Rs 6,600 per sq.ft (2024)
• Alaiamman Koil Street: Rs 6,600 per sq.ft (2024)
• Annai Sathya Bazaar Street: Rs 11,000 per sq.ft (2024)
• Anna Street: Rs 8,300 per sq.ft (2024)
• Abdul Azeez Street: Rs 11,000 per sq.ft (2024)
• Arcot Road: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ananthan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, making the total fees together Rs 9,90,000. 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 further calculations.

Which Sub Registrar Office covers Ananthan Street?

Ananthan Street falls under the jurisdiction of the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Tnagar. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state collects adequate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official value of the property. This value is taken into account during the registration process, and the applicable stamp duty is calculated based on this figure or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Ananthan Street?

The current guideline value of Ananthan Street is Rs 11,000 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,163 per sq.ft in 2002 to Rs 11,000 per sq.ft in 2024, reflecting an overall increase of 846% over this period.

What is the land classification for Ananthan Street?

Ananthan Street is classified as Residential Special Type - I, which influences its guideline value and the type of properties that can be developed there.

What are the stamp duty and registration fees for property in Ananthan Street?

For a property valued at Rs 1,10,00,000, the stamp duty would be Rs 7,70,000 and the registration fee would be Rs 2,20,000, totaling Rs 9,90,000.

Which Sub Registrar Office covers Ananthan Street?

The Thiyagaraya nagar Sub Registrar Office covers Ananthan Street, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.