Guideline Value for Anadapuram Sivagami Street

Anadapuram Sivagami Street guideline value

The current guideline value of Anadapuram Sivagami 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 Street has changed

The guideline value for Anadapuram Sivagami Street has experienced several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 2,700 per sq.ft. This figure decreased to Rs 1,809 per sq.ft in the 2017 revision, marking a decline of 33%. However, the subsequent revisions saw a significant increase, with the value rising to Rs 2,700 per sq.ft in 2023 and further increasing to Rs 2,900 per sq.ft in 2024, reflecting a 7% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%. It is important to note that there are no figures available 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 that carry 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 Rs 2,900 per sq.ft for Anadapuram Sivagami Street is above this median.

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

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 be Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, making the total cost for these fees Rs 2,61,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anadapuram Sivagami Street?

The Sub Registrar Office that covers Anadapuram Sivagami 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 property transactions in Selaiyur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with legal requirements.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable stamp duty and registration fees. The fees are calculated based on the higher of the guideline value or the sale price, which means that understanding the current guideline value is essential for both buyers and sellers in the region.

Frequently asked questions

What is the current guideline value of Anadapuram Sivagami Street?

The current guideline value of Anadapuram Sivagami 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, reflecting a 7% increase. It was Rs 1,809 per sq.ft in 2017, showing a significant increase of 49% to the 2023 value.

What is the land classification for Anadapuram Sivagami Street?

Anadapuram Sivagami Street is classified as Residential Special Type - I. This classification affects the guideline value and potential usage of the land.

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. This office handles property registrations for the area.

How is stamp duty calculated for property transactions?

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