Guideline Value for Anadapuram 1st Cross Street

Anadapuram 1st Cross Street guideline value

The current guideline value of Anadapuram 1st Cross Street is Rs 2,900 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Anadapuram 1st Cross Street has changed

The guideline value for Anadapuram 1st Cross Street has undergone several revisions over the years. The 2012 revision recorded a value of Rs 2,700 per sq.ft, which was later reduced to Rs 1,809 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,700 per sq.ft, reflecting a rise of 49%. The latest revision in 2024 has set the guideline value at Rs 2,900 per sq.ft, indicating a 7% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, the guideline value has increased by 7% from 2012 to 2024.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Anadapuram 1st Cross Street's 2024 figure above the median.

• Anadapuram 2nd Cross Street: Rs 2,900 per sq.ft (2024)
• Anadapuram Sivagami Cross Street: Rs 2,900 per sq.ft (2024)
• Anadapuram Sivagami Street: Rs 2,900 per sq.ft (2024)
• Anadapuram Sivagami Street Ext: Rs 2,900 per sq.ft (2024)
• Anandapuram 1st Main Road Vallalar Street: Rs 2,900 per sq.ft (2024)
• Anandapuram 2nd Main Road Vallalar Street: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Anadapuram 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value would be Rs 29,00,000. The stamp duty at 7% would amount to Rs 2,03,000, while the registration fee at 2% would be Rs 58,000. Together, the total cost for stamp duty and registration would be Rs 2,61,000. 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 details.

Which Sub Registrar Office covers Anadapuram 1st Cross Street?

The Sub Registrar Office that covers Anadapuram 1st Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Selaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted at fair values as per government regulations.

When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the state government receives appropriate revenue from property transactions, thereby maintaining transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Anadapuram 1st Cross Street?

The current guideline value of Anadapuram 1st Cross Street is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,700 per sq.ft in 2023 to Rs 2,900 per sq.ft in 2024. It was Rs 1,809 per sq.ft in 2017 and Rs 2,700 per sq.ft in 2012.

What are the other streets in Selaiyur with the same guideline value?

Other streets in Selaiyur with the same guideline value of Rs 2,900 per sq.ft include Anadapuram 2nd Cross Street, Anadapuram Sivagami Cross Street, Anadapuram Sivagami Street, Anadapuram Sivagami Street Ext, Anandapuram 1st Main Road Vallalar Street, and Anandapuram 2nd Main Road Vallalar Street.

What is the registration fee for property in Anadapuram 1st Cross Street?

The registration fee for property in Anadapuram 1st Cross Street is calculated at 2% of the guideline value. For a property valued at Rs 29,00,000, the registration fee would be Rs 58,000.

Where is the Sub Registrar Office for Anadapuram 1st Cross Street located?

The Sub Registrar Office for Anadapuram 1st Cross Street is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.