Guideline Value for Anandanayagi Nagar 6th Street

Anandanayagi Nagar 6th Street guideline value

The current guideline value of Anandanayagi Nagar 6th Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the jurisdiction of the Royapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Anandanayagi Nagar 6th Street has changed

The guideline value for Anandanayagi Nagar 6th Street has undergone several revisions over the years. The earliest recorded revision is from 2007, with a guideline value of Rs 500 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in 2012, marking a 140% rise. However, in 2017, the value decreased to Rs 804 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 1,200 per sq.ft in 2023, before reaching the current figure of Rs 1,300 per sq.ft in 2024, an increase of 8%.

From 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 160%. The register does not provide 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 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. Anandanayagi Nagar 6th Street's current guideline value is below this median.

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

Stamp duty and registration fee for property in Anandanayagi Nagar 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to 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 duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anandanayagi Nagar 6th Street?

The Sub Registrar Office that covers Anandanayagi Nagar 6th 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 is a crucial factor in property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and reflects the property's value as determined by the local authorities.

Frequently asked questions

What is the current guideline value of Anandanayagi Nagar 6th Street?

The current guideline value of Anandanayagi Nagar 6th 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 land classification for Anandanayagi Nagar 6th Street?

Anandanayagi Nagar 6th Street is classified as Residential Class II Type - I, indicating its designation for residential purposes.

Where can I find the registration office for Anandanayagi Nagar 6th Street?

The registration office for Anandanayagi Nagar 6th Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is stamp duty calculated for properties in Tondaiarpet?

Stamp duty for properties in Tondaiarpet is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.