Guideline Value for Anaikattu III rd Street

Anaikattu III rd Street guideline value

The current guideline value of Anaikattu III rd 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 III rd Street has changed

In the 2007 revision, the guideline value was set at Rs 250 per sq.ft. This figure saw a significant increase in the 2012 revision, where it was raised to Rs 700 per sq.ft, marking a change of +180%. The guideline value remained unchanged at Rs 700 per sq.ft in the 2023 revision. The most recent revision in 2024 has increased the value to Rs 770 per sq.ft, reflecting a change of +10% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +208%. It is important to note that there are no figures available for Anaikattu III rd Street in the years 2002, 2003, and 2017.

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. The guideline value of Anaikattu III rd Street is below this median.

• Anaikattu II nd 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 III rd 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 amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost to Rs 69,300. 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 Anaikattu III rd Street?

The Sub Registrar Office that covers Anaikattu III rd 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 is a crucial factor when registering property transactions in Veeraragavapuram. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives its due revenue from property sales.

When buying or selling property, the guideline value helps both parties understand the baseline value of the property. It is advisable for buyers and sellers to be aware of the current guideline value to facilitate a smoother transaction process.

Frequently asked questions

What is the current guideline value of Anaikattu III rd Street?

The current guideline value of Anaikattu III rd 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 changed from Rs 250 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, marking an overall increase of +208% over the years.

What was the guideline value in the previous revisions?

In previous revisions, the guideline value was Rs 700 per sq.ft in 2012 and 2023, and it was Rs 250 per sq.ft in 2007.

Which Sub Registrar Office is responsible for Anaikattu III rd Street?

The Kunrathur Sub Registrar Office is responsible for Anaikattu III rd Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for property in Anaikattu III rd Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 53,900.