Guideline Value for Ananda Vinayagan Koil Street

Ananda Vinayagan Koil Street guideline value

The current guideline value of Ananda Vinayagan Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Chinna Sembaram Bakkam village, under the Sembiam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Ananda Vinayagan Koil Street has changed

The guideline value for Ananda Vinayagan Koil Street has undergone several revisions over the years. In 2003, the guideline value was Rs 228 per sq.ft. This increased to Rs 400 per sq.ft in 2007, marking a 75% rise. The value then saw a substantial increase to Rs 1,000 per sq.ft in 2012, which represented a 150% increase from the previous revision. However, in 2017, the value decreased to Rs 670 per sq.ft, reflecting a decline of 33%. The guideline value was then revised to Rs 1,000 per sq.ft in 2023, before reaching the current rate of Rs 1,100 per sq.ft in 2024, which is a 10% increase from the previous year. It is important to note that the register has no figure for this street in 2002.

Guideline values in Chinna Sembaram Bakkam

In Chinna Sembaram Bakkam, there are 37 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 2,700 per sq.ft. The median guideline value for these streets is Rs 1,400 per sq.ft, placing Ananda Vinayagan Koil Street's 2024 figure below that median.

• Anderson Road: Rs 2,700 per sq.ft (2024)
• Anderson Street: Rs 2,700 per sq.ft (2024)
• Appadurai Naiken 1st Lane: Rs 1,400 per sq.ft (2024)
• Appadurai Naiken 1st Street: Rs 1,400 per sq.ft (2024)
• Appadurai Naiken 2nd Lane: Rs 1,400 per sq.ft (2024)
• Appadurai Naiken 2nd Street: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ananda Vinayagan Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that 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 Ananda Vinayagan Koil Street?

Ananda Vinayagan Koil Street falls under the jurisdiction of the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Chinna Sembaram Bakkam

The guideline value is a crucial factor when registering property transactions in Chinna Sembaram Bakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is used to assess the transaction's legitimacy and to calculate the necessary fees. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Ananda Vinayagan Koil Street?

The current guideline value of Ananda Vinayagan Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 228 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 382% over the years.

What is the land classification of Ananda Vinayagan Koil Street?

Ananda Vinayagan Koil Street is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Chinna Sembaram Bakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.