Guideline Value for ANTONY STREET

Antony Street guideline value

The current guideline value of Antony Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Korattur village under the Villivakkam Sub Registrar Office, classified as Residential Class IV Type - I.

How the guideline value of Antony Street has changed

The guideline value for Antony Street has seen several revisions over the years. The earliest recorded figure is from 2007, set at Rs 250 per sq.ft. This value increased significantly to Rs 1,200 per sq.ft in 2012, marking a 380% rise. However, it then decreased to Rs 804 per sq.ft in 2017, reflecting a 33% decline. The value subsequently increased to Rs 1,200 per sq.ft in 2023, followed by another increase to Rs 1,300 per sq.ft in 2024, which is an 8% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 420%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, placing Antony Street's 2024 figure below this median.

• Anugraha Apartments: Rs 2,500 per sq.ft (2024)
• A.R.N. Nagar: Rs 2,700 per sq.ft (2024)
• A.R.N. Nagar Annexe: Rs 2,700 per sq.ft (2024)
• Annai Therasa Nagar: Rs 1,300 per sq.ft (2024)
• Annai Nagar/Streets: Rs 2,700 per sq.ft (2024)
• Annai Nagar Part II, Vedha Avenue: Rs 2,700 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 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, resulting in a total of Rs 1,17,000. 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 more details.

Which Sub Registrar Office covers Antony Street?

The Sub Registrar Office that covers Antony Street is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Korattur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the applicable charges, ensuring that both buyers and sellers adhere to the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Antony Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, with various increases and decreases in between. The most notable increase was from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023.

What is the median guideline value for streets in Korattur?

The median guideline value for streets in Korattur is Rs 2,500 per sq.ft, which is higher than the current guideline value of Antony Street.

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

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Villivakkam Sub Registrar Office located?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.