Guideline Value for Anadapuram Sivagami Cross Street

Anadapuram Sivagami Cross Street guideline value

The current guideline value of Anadapuram Sivagami 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 Sivagami Cross Street has changed

In the 2012 revision, the guideline value was Rs 2,700 per sq.ft. This figure remained unchanged in the 2017 revision, where it dropped to Rs 1,809 per sq.ft, marking a decrease of 33%. The value increased significantly in the 2023 revision to Rs 2,700 per sq.ft, followed by a further increase to Rs 2,900 per sq.ft in the 2024 revision, which is a rise of 7% from the previous year. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2024, the overall change in guideline value is an increase of 7%. The most notable change occurred between the 2017 and 2023 revisions, where the value rose by 49% from Rs 1,809 per sq.ft to Rs 2,700 per sq.ft. The current guideline value of Rs 2,900 per sq.ft reflects a steady increase in recent years.

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. The median guideline value in this area is Rs 2,200 per sq.ft, placing Anadapuram Sivagami Cross Street's current value above this median.

• Anadapuram 2nd Cross Street: Rs 2,900 per sq.ft (2024)
• Anadapuram Sivagami Street: Rs 2,900 per sq.ft (2024)
• Anadapuram 1st Cross 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 Sivagami 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 these fees 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anadapuram Sivagami Cross Street?

The Sub Registrar Office that covers Anadapuram Sivagami 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 of property transactions in Selaiyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions, based on the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Anadapuram Sivagami Cross Street?

The current guideline value of Anadapuram Sivagami 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 seen several revisions, with the most recent increase from Rs 2,700 per sq.ft in 2023 to Rs 2,900 per sq.ft in 2024. The value was Rs 1,809 per sq.ft in 2017, which indicates a significant change over the years.

What is the land classification for Anadapuram Sivagami Cross Street?

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

Where is the Selaiyur Sub Registrar Office located?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 29,00,000, the stamp duty would be Rs 2,03,000 at a rate of 7%.