Guideline Value for ANJANEYAR KOIL STREET

Anjaneyar Koil Street guideline value

The current guideline value of Anjaneyar Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Saidapet village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Anjaneyar Koil Street has changed

The guideline value for Anjaneyar Koil Street has undergone several revisions over the years. In 2002, the guideline value was Rs 901 per sq.ft. This increased to Rs 1,127 per sq.ft in 2003, remaining the same until 2007. The 2007 revision saw a significant increase to Rs 1,127 per sq.ft. However, in 2012, the value changed to Rs 3,000 per sq.ft, which was a decrease of 33% from the previous figure. The value then remained the same until 2017, when it rose to Rs 2,010 per sq.ft, marking a 49% increase. The most recent revisions show that in 2023, the value was Rs 3,000 per sq.ft, and it increased by 10% to Rs 3,300 per sq.ft in 2024.

Guideline values in Saidapet

In Saidapet, there are 106 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, indicating that Anjaneyar Koil Street's 2024 figure is below that median.

• Andal Street: Rs 3,300 per sq.ft (2024)
• Amma Kannammal Street: Rs 3,300 per sq.ft (2024)
• Anna Nagar: Rs 3,300 per sq.ft (2024)
• Anna Salai: Rs 13,200 per sq.ft (2024)
• Alandur Road: Rs 6,050 per sq.ft (2024)
• Abith Colony: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anjaneyar Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. 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 details.

Which Sub Registrar Office covers Anjaneyar Koil Street?

The Sub Registrar Office that covers Anjaneyar Koil Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO here.

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

The guideline value is an essential factor in the registration process when buying or selling property in Saidapet. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the guideline value will be used to calculate the necessary fees, ensuring that the transaction adheres to the regulations set by the Registration Department. Buyers and sellers should be aware of these values to ensure a smooth registration process.

Frequently asked questions

What is the current guideline value of Anjaneyar Koil Street?

The current guideline value of Anjaneyar Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 901 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 266% over the years.

What is the land classification for Anjaneyar Koil Street?

Anjaneyar Koil Street is classified as Residential Class III Type - I.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 2,97,000 in fees.

Where can I find the Sub Registrar Office for Anjaneyar Koil Street?

The Sub Registrar Office for Anjaneyar Koil Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.