Guideline Value for ANTONY STREET

Antony Street guideline value

The current guideline value of Antony Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village under the Mylapore SRO and is classified as Residential Class V Type - II.

How the guideline value of Antony Street has changed

The guideline value for Antony Street has undergone several revisions over the years. In 2002, the value was Rs 680 per sq.ft, which increased to Rs 756 per sq.ft in 2003, marking an increase of 11%. The value further rose to Rs 900 per sq.ft in 2007, a significant change of 19%. By 2012, the value saw a remarkable jump to Rs 4,500 per sq.ft, reflecting a 400% increase from the previous revision. The most recent revision in 2024 set the value at Rs 4,900 per sq.ft, which is a 9% increase from 2012.

There are no figures available for the revisions in 2017 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 621%.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, placing Antony Street's 2024 figure below that median.

• Anni Besant School Street: Rs 3,300 per sq.ft (2024)
• Anumantha Puram: Rs 3,300 per sq.ft (2024)
• Anumantha Rao Road: Rs 8,200 per sq.ft (2024)
• Appadurai Street: Rs 8,800 per sq.ft (2024)
• Appadurai Thottam 1st Lane: Rs 7,700 per sq.ft (2024)
• Appadurai Thottam 2nd Lane: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Antony Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total cost for these fees to Rs 4,41,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Antony Street?

The Sub Registrar Office that covers Antony Street is 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 essential when registering property in Mylapore, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to calculate the applicable stamp duty and registration fees during the transaction.

When a property is sold, the guideline value serves as a benchmark for taxation purposes. It ensures that the government receives the appropriate revenue based on the property's assessed value at registration.

Frequently asked questions

What is the current guideline value of Antony Street?

The current guideline value of Antony Street is Rs 4,900 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 680 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 621% over the years.

What are the stamp duty and registration fees for properties in Antony Street?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which office handles property registrations for Antony Street?

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

Are there other streets with guideline values in Mylapore?

Yes, there are 883 streets in Mylapore with guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. Other streets include Anni Besant School Street and Appadurai Street, among others.