Guideline Value for Anadapuram Sivagami Street Ext

Anadapuram Sivagami Street Ext guideline value

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

The guideline value for Anadapuram Sivagami Street Ext has seen several revisions over the years. The 2012 revision set the value at Rs 2,700 per sq.ft, which was then reduced to Rs 1,809 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the guideline value to Rs 2,700 per sq.ft, and the latest 2024 revision further raised it to Rs 2,900 per sq.ft, marking a 7% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has increased by 7%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO with 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 Street Ext above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value amounts to Rs 29,00,000. The stamp duty at 7% would be Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, bringing the total to 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 Sivagami Street Ext?

The Sub Registrar Office that covers Anadapuram Sivagami Street Ext 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 property registration process in Selaiyur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

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

The current guideline value of Anadapuram Sivagami Street Ext 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 is the land classification for Anadapuram Sivagami Street Ext?

Anadapuram Sivagami Street Ext is classified as Residential Special Type - I.

Where can I find the Selaiyur Sub Registrar Office?

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?

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