Guideline Value for ANTHONI STREET

Anthoni Street guideline value

The current guideline value of Anthoni Street, located in Purasaivakkam village under the Purasaivakkam SRO, is Rs 5,500 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Anthoni Street has changed

The guideline value for Anthoni Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,800 per sq.ft. This increased to Rs 5,000 per sq.ft in 2012, marking a substantial rise of 178%. However, in the 2017 revision, the value decreased to Rs 3,350 per sq.ft, reflecting a drop of 33%. The value then rose again to Rs 5,000 per sq.ft in 2023, before reaching the current rate of Rs 5,500 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for Anthoni Street. Overall, from the 2007 revision to the current 2024 rate, there has been an increase of 206% in the guideline value.

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 value is Rs 5,500 per sq.ft, which is equal to the guideline value of Anthoni Street.

• Anusuya Avenue: Rs 8,800 per sq.ft (2024)
• Appasamy Street: Rs 5,500 per sq.ft (2024)
• Arasappa Mudali Street: Rs 5,500 per sq.ft (2024)
• Arimuthu Street: Rs 5,500 per sq.ft (2024)
• Arunachalam 1st Lane: Rs 4,900 per sq.ft (2024)
• Arunachalam 2nd Lane: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Anthoni 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, charged 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 the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Anthoni Street?

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

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 a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal and financial implications of the transaction. It is essential to consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Anthoni Street?

The current guideline value of Anthoni 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, showing an overall increase of 206% over the years.

What is the stamp duty for property in Anthoni Street?

The stamp duty for property in Anthoni Street is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, this amounts to Rs 3,85,000.

Which Sub Registrar Office covers Anthoni Street?

The Purasaivakkam Sub Registrar Office covers Anthoni Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification of Anthoni Street?

Anthoni Street falls under the Residential Class III Type - I land classification.