Guideline Value for Anandanayagi Nagar 3rd Street

Anandanayagi Nagar 3rd Street guideline value

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

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

The guideline value for Anandanayagi Nagar 3rd Street has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012. However, this value dropped to Rs 804 per sq.ft in 2017, before rising to Rs 1,200 per sq.ft again in 2023. The most recent revision in 2024 set the guideline value at Rs 1,300 per sq.ft.

Between the revisions, the changes are notable. From 2007 to 2012, there was a remarkable increase of 140%. However, the value decreased by 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023, and finally, there was an 8% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 160%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that have 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 Street is below this median.

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

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 use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Anandanayagi Nagar 3rd Street?

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

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for assessing the value of the property and determining the applicable stamp duty and registration fees. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the stamp duty, which is a mandatory fee paid to the government. This ensures that all property transactions are recorded accurately and transparently, reflecting the true value of the property as determined by the local authorities.

Frequently asked questions

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

The current guideline value of Anandanayagi Nagar 3rd 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, showing an overall increase of 160% over the years.

What is the land classification for Anandanayagi Nagar 3rd Street?

Anandanayagi Nagar 3rd Street is classified as Residential Class II Type - I.

Where can I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles the registration of properties in Anandanayagi Nagar 3rd Street?

The registration of properties in Anandanayagi Nagar 3rd Street is handled by the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.