Guideline Value for Anaikara Street

Anaikara Street guideline value

The current guideline value of Anaikara Street is Rs 4,800 per sq.ft, effective from 1 July 2024. This street is located in Vepery village, under the Periamet Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - II.

How the guideline value of Anaikara Street has changed

The guideline value of Anaikara Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 1,000 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in the 2012 revision, followed by a decrease to Rs 3,015 per sq.ft in 2017. The 2023 revision saw a substantial rise to Rs 4,500 per sq.ft, and the most recent 2024 revision has established the current value at Rs 4,800 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Between the revisions, the changes in guideline value are as follows: from 2007 to 2012, there was an increase of 350%; however, from 2012 to 2017, the value decreased by 33%. The value then increased by 49% from 2017 to 2023, and finally, there was a 7% increase from 2023 to 2024. Overall, the guideline value has increased by 380% from 2007 to 2024.

Guideline values in Vepery

In Vepery village, the guideline values vary across 290 streets under the Periamet SRO, with figures ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median guideline value is Rs 4,800 per sq.ft, which is equal to the current value of Anaikara Street.

• Anantha Krishna Iyer Street: Rs 4,800 per sq.ft (2024)
• Andiappa Naicker street: Rs 4,800 per sq.ft (2024)
• Alathur Subramania Achary Street: Rs 4,800 per sq.ft (2024)
• Appa rao Garden: Rs 8,800 per sq.ft (2024)
• Arani Muthaiya Mudali Street: Rs 4,800 per sq.ft (2024)
• Arimuthu Maistry street: Rs 4,800 per sq.ft (2024)

Stamp duty and registration fee for property in Anaikara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,800 per sq.ft, the total guideline value would be Rs 48,00,000. The stamp duty at 7% would amount to Rs 3,36,000, and the registration fee at 2% would be Rs 96,000, bringing the total fees together to Rs 4,32,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anaikara Street?

Anaikara Street falls under the jurisdiction of the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Vepery. It is used to determine the applicable stamp duty and registration fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions.

When buying or selling property, the guideline value is referenced to ascertain the minimum price for which the property can be registered. This helps maintain transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Anaikara Street?

The current guideline value of Anaikara Street is Rs 4,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, starting from Rs 1,000 per sq.ft in 2007 to Rs 4,800 per sq.ft in 2024, marking an overall increase of 380%.

What is the land classification for Anaikara Street?

Anaikara Street is classified as Residential Class II Type - II under the relevant land classification regulations.

Where can I find the Sub Registrar Office for Anaikara Street?

The Sub Registrar Office covering Anaikara Street is the Periamet SRO, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Anaikara Street?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property with a guideline value of Rs 48,00,000, the stamp duty would be Rs 3,36,000 at 7%.