Guideline Value for Anandanayagi Nagar Cross Street

Anandanayagi Nagar Cross Street guideline value

The current guideline value of Anandanayagi Nagar Cross 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 Cross Street has changed

The guideline value for Anandanayagi Nagar Cross Street has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 500 per sq.ft. This value increased significantly to Rs 1,200 per sq.ft in 2012, marking a rise of 140%. However, it then decreased to Rs 804 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 1,200 per sq.ft in 2023, before reaching the current value of Rs 1,300 per sq.ft in 2024, which is an 8% increase from the previous year.

In summary, from the 2007 revision to the current 2024 revision, the guideline value has increased by 160%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are a total of 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. The median guideline value for these streets is Rs 1,600 per sq.ft, which means that the guideline value for Anandanayagi Nagar Cross Street is below this median.

• Anandanayagi Nagar 6th Street: Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 5th 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 2ndStreet: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anandanayagi Nagar 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 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, bringing the total cost for these fees 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anandanayagi Nagar Cross Street?

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

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 reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on the higher of the two values. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

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

What is the land classification for Anandanayagi Nagar Cross Street?

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

Where can I find the registration office for this area?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 at a rate of 7%.