Guideline Value for Anaikattu I st Street

Anaikattu I st Street guideline value

The current guideline value of Anaikattu I st Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Veeraragavapuram village under the Kunrathur SRO and is classified as Residential Special Type - II.

How the guideline value of Anaikattu I st Street has changed

Over the years, the guideline value for Anaikattu I st Street has seen several revisions. The earliest recorded figure is from 2007, set at Rs 250 per sq.ft. This value remained unchanged until the 2012 revision, which also recorded Rs 700 per sq.ft. Notably, there was a significant increase of 180% from the 2007 figure to the 2012 figure. The 2023 revision maintained the value at Rs 700 per sq.ft, showing no change from the previous revision. However, in the 2024 revision, the guideline value increased by 10% to Rs 770 per sq.ft.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2017 for Anaikattu I st Street. Overall, from 2007 to 2024, the guideline value has increased by 208%.

Guideline values in Veeraragavapuram

In Veeraragavapuram, there are 10 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 2,790 per sq.ft. The median value for these streets is Rs 990 per sq.ft, placing Anaikattu I st Street's 2024 figure below this median.

• Anaikattu II nd Street: Rs 770 per sq.ft (2024)
• Anaikattu III rd Street: Rs 770 per sq.ft (2024)
• Avadi Main Road: Rs 1,320 per sq.ft (2024)
• Bharathi Nagar: Rs 990 per sq.ft (2024)
• Park street: Rs 770 per sq.ft (2024)
• Pilliyar Koil Street: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Anaikattu I st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, resulting in a total of Rs 69,300 for these charges. 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 Anaikattu I st Street?

The Sub Registrar Office that covers Anaikattu I st Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Veeraragavapuram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value rather than the negotiated sale price.

When buying or selling property, the guideline value helps in determining the official value of the property for registration purposes. This ensures transparency in property transactions and helps prevent undervaluation of properties.

Frequently asked questions

What is the current guideline value of Anaikattu I st Street?

The current guideline value of Anaikattu I st Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 250 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, marking an overall increase of 208% over this period.

What is the land classification for Anaikattu I st Street?

Anaikattu I st Street is classified as Residential Special Type - II.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Anaikattu I st Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Anaikattu I st Street?

The Sub Registrar Office for Anaikattu I st Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.