Guideline Value for Aanandapet Street

Aanandapet Street guideline value

The current guideline value of Aanandapet Street is Rs 1,650 per sq.ft. This street is located in the 2nd Division village under the Kanchipuram Joint Iv SRO and falls under the Residential Class I Type - III land classification.

How the guideline value of Aanandapet Street has changed

The guideline value for Aanandapet Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, the next revision in 2023 saw a significant increase to Rs 1,500 per sq.ft, which was a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 1,650 per sq.ft, representing a 10% increase from the previous year.

It is important to note that the register has no figures for Aanandapet Street for the years 2002, 2003, and 2007.

Guideline values in 2nd Division

In the 2nd Division, there are 101 streets under the Kanchipuram Joint Iv SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which matches the current value for Aanandapet Street.

• Adisonpet Cheety Street: Rs 3,300 per sq.ft (2024)
• Adisonpet Gandhi Road: Rs 11,000 per sq.ft (2024)
• Aladipillaiyar Koil Street: Rs 4,400 per sq.ft (2024)
• Aladi Pillaiyar Koil Street part (include Desigar Koil Street): Rs 4,400 per sq.ft (2024)
• Aladi Pillaiyar Koil Thoppu Street: Rs 880 per sq.ft (2024)
• Ambethkar Kalani: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Aanandapet Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost for these fees to Rs 1,48,500. 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 Aanandapet Street?

The Sub Registrar Office that covers Aanandapet Street is the Kanchipuram Joint Iv Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value plays a crucial role during property transactions in the 2nd Division. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and complies with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Understanding these values can help in budgeting for the additional costs associated with property registration.

Frequently asked questions

What is the current guideline value of Aanandapet Street?

The current guideline value of Aanandapet Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Aanandapet Street?

Aanandapet Street falls under the Residential Class I Type - III land classification.

Which office handles the registration for Aanandapet Street?

The registration for Aanandapet Street is handled by the Kanchipuram Joint Iv Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 1,48,500.