Guideline Value for Anandan Street (S.No.61, 62, 72,71)

Anandan Street (S.No.61, 62, 72,71) guideline value

The current guideline value of Anandan Street (S.No.61, 62, 72,71) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Anandan Street (S.No.61, 62, 72,71) has changed

The guideline value for Anandan Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, an increase from Rs 1,200 per sq.ft in the 2023 revision, marking an 8% rise. Prior to that, in 2017, the guideline value was Rs 804 per sq.ft, which reflects a significant increase of 49% to the 2023 figure. The 2012 revision also recorded a value of Rs 1,200 per sq.ft, showing a decrease of 33% when compared to the 2017 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen an increase of 8%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with a 2024 guideline value range from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Anandan Street's 2024 figure below that median.

• Anandham Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Amuthan Nagar: Rs 1,100 per sq.ft (2024)
• Amman Street: Rs 1,400 per sq.ft (2024)
• Anbalagan Street (S.No.69): Rs 1,100 per sq.ft (2024)
• Amman Nagar: Rs 1,400 per sq.ft (2024)
• Anbazhagan Street (VL Puram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anandan Street (S.No.61, 62, 72,71)

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Anandan Street (S.No.61, 62, 72,71)?

The Sub Registrar Office that covers Anandan Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial element when registering property transactions in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, understanding the guideline value helps ensure compliance with local regulations and provides clarity on the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Anandan Street?

The current guideline value of Anandan Street (S.No.61, 62, 72,71) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, an increase of 8%. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012, showing various changes over the years.

What is the land classification for Anandan Street?

Anandan Street (S.No.61, 62, 72,71) is classified as Residential Class III Type - II.

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

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which office handles the registration for Anandan Street?

The Ambattur Sub Registrar Office handles the registration for Anandan Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.