Guideline Value for Anaikattu II nd Street

Anaikattu II nd Street guideline value

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

How the guideline value of Anaikattu II nd Street has changed

The guideline value for Anaikattu II nd Street has undergone several revisions over the years. In 2007, the value was set at Rs 250 per sq.ft, which saw a significant increase to Rs 700 per sq.ft in both the 2012 and 2023 revisions, indicating no change during that period. However, the 2024 revision marked an increase to Rs 770 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 208%. It is important to note that the guideline register does not contain figures for the years 2002, 2003, and 2017 for this street.

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, with a median value of Rs 990 per sq.ft. Anaikattu II nd Street's 2024 figure is below this median.

• Anaikattu III rd Street: Rs 770 per sq.ft (2024)
• Anaikattu I st 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 II nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be 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, bringing the total to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anaikattu II nd Street?

The Sub Registrar Office that covers Anaikattu II nd Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, within the Chennai registration zone. 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 is used to calculate the stamp duty and registration fees, which are mandatory costs that need to be settled when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value is referenced to determine the applicable fees. This ensures that the transaction is documented accurately and legally, reflecting the value set by the authorities for that particular area.

Frequently asked questions

What is the current guideline value of Anaikattu II nd Street?

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

How much has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 250 per sq.ft to Rs 770 per sq.ft in 2024, marking an overall increase of 208%.

What are the other streets in Veeraragavapuram with their guideline values?

Other streets in Veeraragavapuram include Anaikattu III rd Street and Anaikattu I st Street, both at Rs 770 per sq.ft, and Avadi Main Road at Rs 1,320 per sq.ft, among others.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

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

The Sub Registrar Office for Anaikattu II nd Street is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of property transactions in the area.