Guideline Value for Anaikkattu Street

Anaikkattu Street guideline value

The current guideline value of Anaikkattu Street in Seemapuram village, under the Redhills SRO, is Rs 110 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Anaikkattu Street has changed

The guideline value for Anaikkattu Street has seen several revisions over the years. In the 2007 revision, the value was Rs 50 per sq.ft, which increased to Rs 100 per sq.ft in the 2012 revision, marking a 100% rise. However, in the 2017 revision, the value decreased to Rs 67 per sq.ft, a drop of 33%. The value then rose significantly to Rs 100 per sq.ft in the 2023 revision, and currently, it stands at Rs 110 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Notably, the register does not provide figures for Anaikkattu Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Seemapuram

In Seemapuram village, there are 13 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 110 to Rs 1,600 per sq.ft, with a median value of Rs 220 per sq.ft. Anaikkattu Street's 2024 guideline value is below this median.

• Ashok Pushpavanam: Rs 1,075 per sq.ft (2024)
• Ashok Pushpavanam Phase-II: Rs 1,500 per sq.ft (2024)
• Chakkili Street: Rs 110 per sq.ft (2024)
• Kadaisi Street: Rs 110 per sq.ft (2024)
• Kavarai Street: Rs 220 per sq.ft (2024)
• Kinaru Street: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Anaikkattu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 110 per sq.ft, the total guideline value amounts to Rs 1,10,000. The stamp duty is charged at 7%, which totals Rs 7,700, and the registration fee is 2%, amounting to Rs 2,200. Together, these fees come to Rs 9,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anaikkattu Street?

The Sub Registrar Office that covers Anaikkattu Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Seemapuram. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected based on the established values. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Anaikkattu Street?

The current guideline value of Anaikkattu Street is Rs 110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 110 per sq.ft in 2024, reflecting an overall increase of 120% over the years.

What are the stamp duty and registration fees for property in Anaikkattu Street?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees amount to Rs 9,900.

Which office handles property registrations for Anaikkattu Street?

The Redhills Sub Registrar Office handles property registrations for Anaikkattu Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees applicable during property transactions. It ensures that the fees are based on established values, promoting transparency in the registration process.