Guideline Value for ANUMANTHA PURAM

Anumantha Puram guideline value

The current guideline value of Anumantha Puram is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Mylapore village and falls under the Mylapore SRO. The land classification for this street is Residential Class V Type - III.

How the guideline value of Anumantha Puram has changed

The guideline value for Anumantha Puram has seen several revisions over the years. In 2002, the value was Rs 590 per sq.ft, which increased to Rs 656 per sq.ft in 2003, marking an 11% increase. The value continued to rise to Rs 900 per sq.ft in 2007, reflecting a 37% increase from the previous revision. The 2012 revision saw a significant jump to Rs 3,000 per sq.ft, which was a 233% increase. However, the 2017 revision brought the value down to Rs 2,010 per sq.ft, a decrease of 33%. The most recent revision in 2024 has set the value at Rs 3,300 per sq.ft, representing a 64% increase from 2017.

It is important to note that there is no figure for Anumantha Puram in the 2023 revision. Overall, from 2002 to 2024, the guideline value has increased by 459%.

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, which means Anumantha Puram's 2024 figure is below this median.

• Anumantha Rao Road: Rs 8,200 per sq.ft (2024)
• Antony Street: Rs 4,900 per sq.ft (2024)
• Anni Besant School Street: Rs 3,300 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 Anumantha Puram

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total 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, bringing the total cost to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anumantha Puram?

The Sub Registrar Office that covers Anumantha Puram 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 a crucial factor in property transactions in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees based on the higher of the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anumantha Puram?

The current guideline value of Anumantha Puram 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 significantly from Rs 590 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 459%.

What is the median guideline value in Mylapore?

The median guideline value for streets in Mylapore is Rs 8,800 per sq.ft, which is higher than the current value of Anumantha Puram.

What are the registration fees for property in Anumantha Puram?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Anumantha Puram?

The Sub Registrar Office covering Anumantha Puram is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.