Guideline Value for Aanaikatti Street

Aanaikatti Street guideline value

The current guideline value of Aanaikatti Street in Mamallapuram village, under the Thirukazhukundram SRO, is Rs 1,380 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

How the guideline value of Aanaikatti Street has changed

Over the years, the guideline value of Aanaikatti Street has seen several revisions. The earliest available figure is from 2012, where the guideline value was Rs 1,250 per sq.ft. This figure saw a decrease in 2017 to Rs 840 per sq.ft, marking a decline of 33%. Following this, the guideline value rose significantly to Rs 1,254 per sq.ft in 2023, reflecting an increase of 49% from the 2017 revision.

The most recent revision in 2024 has resulted in a further increase, with the current guideline value set at Rs 1,380 per sq.ft, which is a 10% rise from the previous year's figure. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Aanaikatti Street.

Guideline values in Mamallapuram

Aanaikatti Street's 2024 guideline value of Rs 1,380 per sq.ft is above the median guideline value of Rs 935 per sq.ft for the 133 streets in Mamallapuram, which range from Rs 550 to Rs 1,650 per sq.ft. This indicates that Aanaikatti Street holds a relatively higher valuation compared to many other streets in the area.

• Adidravidar B.G.Road: Rs 1,210 per sq.ft (2024)
• Ambedkar Street: Rs 825 per sq.ft (2024)
• Annal Gandhi 1st Cross Street: Rs 550 per sq.ft (2024)
• Annal Gandhi 2nd Cross: Rs 550 per sq.ft (2024)
• Annal Gandhi Street: Rs 935 per sq.ft (2024)
• Anna Nagar 1st Cross Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Aanaikatti Street

For a property on Aanaikatti Street, the guideline value is Rs 1,380 per sq.ft. For example, for a 1,000 sq.ft plot, the guideline value amounts to Rs 13,80,000. The stamp duty, charged at 7%, would be Rs 96,600, while the registration fee at 2% would be Rs 27,600, totaling Rs 1,24,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aanaikatti Street?

The Sub Registrar Office that covers Aanaikatti Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Mamallapuram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are mandatory costs associated with property transactions. It is essential for buyers and sellers to be aware of the current guideline value to accurately calculate these fees.

Additionally, the guideline value serves as a benchmark for property valuation during registration. It ensures that the property is registered at a value that reflects the prevailing market conditions, thereby facilitating a transparent transaction process. Understanding the guideline value is vital for anyone looking to engage in property transactions in the area.

Frequently asked questions

What is the current guideline value of Aanaikatti Street?

The current guideline value of Aanaikatti Street is Rs 1,380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 1,254 per sq.ft in 2023 to Rs 1,380 per sq.ft in 2024. Prior to that, it was Rs 840 per sq.ft in 2017 and Rs 1,250 per sq.ft in 2012.

What is the land classification of Aanaikatti Street?

Aanaikatti Street is classified as Residential Class I Type - I, indicating it is suitable for residential development.

What are the stamp duty rates for properties in Aanaikatti Street?

The stamp duty for properties in Aanaikatti Street is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2%.

Where is the Sub Registrar Office for Aanaikatti Street located?

The Sub Registrar Office for Aanaikatti Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.