Guideline Value for Anadapuram 2nd Cross Street

Anadapuram 2nd Cross Street guideline value

The current guideline value of Anadapuram 2nd 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 2nd Cross Street has changed

Over the years, the guideline value for Anadapuram 2nd Cross Street has seen significant changes. In 2007, the guideline value was Rs 450 per sq.ft, which rose to Rs 2,700 per sq.ft in 2012, marking an increase of 500%. However, from 2012 to 2017, it decreased to Rs 1,809 per sq.ft, a decline of 33%. The value then increased to Rs 2,700 per sq.ft in 2023, reflecting a 49% rise. The most recent revision in 2024 set the guideline value at Rs 2,900 per sq.ft, which is a 7% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 544%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Anadapuram 2nd Cross Street is above this median.

• Anadapuram 1st 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 2nd Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 29,00,000. The stamp duty at 7% amounts to Rs 2,03,000, and the registration fee at 2% is Rs 58,000, bringing the total to Rs 2,61,000. It is essential 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 2nd Cross Street?

The Sub Registrar Office that covers Anadapuram 2nd 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 when registering property transactions in Selaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When you buy or sell property, the guideline value helps in calculating the stamp duty and registration fees based on the property's size and value. This process ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Anadapuram 2nd Cross Street?

The current guideline value of Anadapuram 2nd 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 significantly from Rs 450 per sq.ft in 2007 to Rs 2,900 per sq.ft in 2024, marking an overall increase of 544% over the years.

What are the stamp duty and registration fees for property in Anadapuram 2nd Cross Street?

For a 1,000 sq.ft plot, the total cost including stamp duty and registration fees is Rs 2,61,000, based on the current guideline value of Rs 29,00,000.

Which Sub Registrar Office covers Anadapuram 2nd Cross Street?

The Selaiyur Sub Registrar Office covers Anadapuram 2nd Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification of Anadapuram 2nd Cross Street?

Anadapuram 2nd Cross Street is classified as Residential Special Type - I, indicating its suitability for residential development.