Guideline Value for Anandanayagi Nagar 3rd Cross Street

Anandanayagi Nagar 3rd Cross Street guideline value

The current guideline value of Anandanayagi Nagar 3rd Cross Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Anandanayagi Nagar 3rd Cross Street has changed

The guideline value for Anandanayagi Nagar 3rd Cross Street has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012. However, this value decreased to Rs 804 per sq.ft in 2017. The value then rose to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,300 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, followed by an 8% increase from 2023 to 2024. The overall change from 2007 to 2024 reflects a notable increase of 160%. The fluctuations in the guideline value indicate various adjustments made over the years, influenced by local real estate conditions.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Anandanayagi Nagar 3rd Cross Street is below this median, indicating its position within the local market.

• Anandanayagi Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 3rd Street: Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 1st Street: Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 4th Street: Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 5th Street: Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 6th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anandanayagi Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total 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, bringing the total fees together to 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.

For more detailed calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anandanayagi Nagar 3rd Cross Street?

The Sub Registrar Office that covers Anandanayagi Nagar 3rd Cross Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. For further information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Tondaiarpet, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the local government records.

When a property is sold, both the buyer and seller must consider the guideline value to ensure compliance with local regulations. It serves as a benchmark for the transaction, helping to establish a transparent process for property registration in the area.

Frequently asked questions

What is the current guideline value of Anandanayagi Nagar 3rd Cross Street?

The current guideline value of Anandanayagi Nagar 3rd Cross Street 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 500 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 160% over the years.

What is the stamp duty on property in Anandanayagi Nagar 3rd Cross Street?

The stamp duty for property in Anandanayagi Nagar 3rd Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Anandanayagi Nagar 3rd Cross Street?

The Sub Registrar Office for Anandanayagi Nagar 3rd Cross Street is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the land classification of Anandanayagi Nagar 3rd Cross Street?

Anandanayagi Nagar 3rd Cross Street falls under the Residential Class II Type - I land classification.