Guideline Value for ANUMANTHA RAO ROAD

Anumantha Rao Road guideline value

The current guideline value of Anumantha Rao Road is Rs 8,200 per sq.ft, effective from 1 July 2024. This road is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Anumantha Rao Road has changed

The guideline value for Anumantha Rao Road has seen several revisions over the years. Starting from Rs 1,128 per sq.ft in 2002, it increased to Rs 1,253 per sq.ft in 2003, marking an 11% rise. The value further rose to Rs 1,540 per sq.ft in 2007, a 23% increase. In 2012, it reached Rs 7,500 per sq.ft, reflecting a significant 387% increase. However, in 2017, the value dropped to Rs 5,025 per sq.ft, a decrease of 33%. The most recent revision in 2024 set the value at Rs 8,200 per sq.ft, which is a 63% increase from the 2017 figure.

The register has no figure for the year 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 627%.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft, with a median value of Rs 8,800 per sq.ft. Anumantha Rao Road's current value of Rs 8,200 per sq.ft is below this median.

• Anumantha Puram: Rs 3,300 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 Rao Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value amounts to Rs 82,00,000. The stamp duty at 7% would be Rs 5,74,000, and the registration fee at 2% would be Rs 1,64,000, bringing the total charges to Rs 7,38,000. 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 Anumantha Rao Road?

The Sub Registrar Office covering Anumantha Rao Road 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 plays a crucial role during the registration of property transactions in Mylapore. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the official value assigned to the property.

When buying or selling property, the guideline value is considered to be a benchmark for the transaction. It helps in maintaining transparency in property dealings and ensures that the government receives the appropriate revenue from property registrations.

Frequently asked questions

What is the current guideline value of Anumantha Rao Road?

The current guideline value of Anumantha Rao Road is Rs 8,200 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 1,128 per sq.ft in 2002 to Rs 8,200 per sq.ft in 2024, reflecting an overall increase of 627% over the years.

What is the stamp duty rate for properties on Anumantha Rao Road?

The stamp duty rate for properties on Anumantha Rao Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Anumantha Rao Road located?

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

What are the guideline values of other streets in Mylapore?

Other streets in Mylapore have varying guideline values, ranging from Rs 3,300 to Rs 25,800 per sq.ft. For example, Anumantha Puram has a value of Rs 3,300 per sq.ft, while Appadurai Street has a value of Rs 8,800 per sq.ft.