Guideline Value for ANJANEYA SWAMY KOIL STREET

Anjaneya Swamy Koil Street guideline value

The current guideline value of Anjaneya Swamy Koil Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Anjaneya Swamy Koil Street has changed

The guideline value for Anjaneya Swamy Koil Street has seen several revisions over the years. In 2007, the value was set at Rs 1,800 per sq.ft, which increased to Rs 5,000 per sq.ft in 2012. However, it then decreased to Rs 3,350 per sq.ft in 2017. The value rose significantly to Rs 5,000 per sq.ft in 2023 and is now Rs 5,500 per sq.ft in the 2024 revision. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%, followed by a further increase of 10% from 2023 to 2024. The overall change from 2007 to 2024 reflects an increase of 206%, highlighting the fluctuations in the guideline value over the years.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value is Rs 5,500 per sq.ft, which aligns with the current value for Anjaneya Swamy Koil Street.

• Angalamman Koil Street (South Side Streets): Rs 5,500 per sq.ft (2024)
• Angalamman Koil Street (Slum Area): Rs 5,500 per sq.ft (2024)
• Angalamman Koil South Mada Street: Rs 5,500 per sq.ft (2024)
• Angalamman Koil Lane: Rs 5,500 per sq.ft (2024)
• Anantha Vinayagar Koil Street: Rs 4,900 per sq.ft (2024)
• Amman Koil Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Anjaneya Swamy Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Anjaneya Swamy Koil Street?

The Sub Registrar Office that covers Anjaneya Swamy Koil Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Purasaivakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value will influence the stamp duty and registration fees payable. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Anjaneya Swamy Koil Street?

The current guideline value of Anjaneya Swamy Koil Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 206% over the years.

What is the land classification for Anjaneya Swamy Koil Street?

Anjaneya Swamy Koil Street is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Anjaneya Swamy Koil Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the actual sale price of the property. This ensures that the fees reflect the true value of the transaction.