Guideline Value for Aanaikkatti Street

Aanaikkatti Street guideline value

The current guideline value of Aanaikkatti Street is Rs 900 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur Sub Registrar Office (SRO), classified as Residential Class II Type - I.

How the guideline value of Aanaikkatti Street has changed

Over the years, the guideline value of Aanaikkatti Street has seen several revisions. The earliest recorded revision was in 2007, where the value was Rs 147 per sq.ft. This figure increased significantly to Rs 900 per sq.ft in 2012, marking a 512% rise. However, in the subsequent revision of 2017, the value decreased to Rs 603 per sq.ft, a drop of 33%. From 2017 to 2023, the value rose by 49% to Rs 900 per sq.ft, which remained unchanged in the 2024 revision.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for Aanaikkatti Street. The 2024 revision maintains the same value as the previous year, indicating stability in the guideline value.

Guideline values in Uthiramerur

In Uthiramerur village, there are 180 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The median value among these streets is Rs 800 per sq.ft, placing Aanaikkatti Street's 2024 figure above the median.

• Aanaipallam Kudumi Street: Rs 300 per sq.ft (2024)
• Aanaipallam yadhaval street: Rs 300 per sq.ft (2024)
• Aannaipallam Mettu Street: Rs 300 per sq.ft (2024)
• AannaiPAllam Road Street: Rs 300 per sq.ft (2024)
• Anandhaiyangar Street: Rs 1,200 per sq.ft (2024)
• Annai Senghazahi Panchalai Amman Nagar: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Aanaikkatti Street

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total fees to Rs 81,000. 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 detailed calculations.

Which Sub Registrar Office covers Aanaikkatti Street?

Aanaikkatti Street falls under the jurisdiction of the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Uthiramerur. It serves as the benchmark for calculating stamp duty and registration fees, which are mandatory when registering a property. Buyers and sellers must be aware of this value as it directly impacts the costs associated with the transfer of property ownership.

When a property is sold, the guideline value is used to determine the applicable taxes. This ensures that both parties are aware of the financial obligations involved in the transaction, making it essential to consult the latest figures before proceeding with any property dealings.

Frequently asked questions

What is the current guideline value of Aanaikkatti Street?

The current guideline value of Aanaikkatti Street is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most significant increase occurring from Rs 147 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, followed by a decrease to Rs 603 per sq.ft in 2017. The value has remained stable at Rs 900 per sq.ft from 2017 to 2024.

What is the median guideline value in Uthiramerur?

The median guideline value in Uthiramerur is Rs 800 per sq.ft, with Aanaikkatti Street's 2024 figure of Rs 900 per sq.ft being above this median.

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

For a property valued at Rs 9,00,000, the stamp duty would be Rs 63,000 and the registration fee would be Rs 18,000, totaling Rs 81,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Aanaikkatti Street?

The Sub Registrar Office covering Aanaikkatti Street is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.