Guideline Value for Anandapuram 3rd Main Road Vallalar Street

Anandapuram 3rd Main Road Vallalar Street guideline value

The current guideline value of Anandapuram 3rd Main Road Vallalar Street is Rs 2,900 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Anandapuram 3rd Main Road Vallalar Street has changed

The guideline value for Anandapuram 3rd Main Road Vallalar Street has undergone several revisions over the years. In 2007, the value was set at Rs 450 per sq.ft, which saw a significant increase to Rs 2,700 per sq.ft in 2012, marking a 500% rise. However, this value decreased to Rs 1,809 per sq.ft in 2017, reflecting a 33% drop. The value then rose to Rs 2,700 per sq.ft in 2023, before reaching the current figure of Rs 2,900 per sq.ft in 2024, which is a 7% increase from the previous year.

There are no registered figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 544%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Anandapuram 3rd Main Road Vallalar Street above this median.

• Anandapuram 2nd Street Bharathiyar Street: Rs 2,900 per sq.ft (2024)
• Anandapuram 3rd Street Arumuganar Street: Rs 2,900 per sq.ft (2024)
• Anandapuram 2nd Main Road Vallalar Street: Rs 2,900 per sq.ft (2024)
• Anandapuram 4th Street Aringer Anna Street: Rs 2,900 per sq.ft (2024)
• Anandapuram 1st Main Road Vallalar Street: Rs 2,900 per sq.ft (2024)
• Anandapuram 5th Main Road Karunanidhi Street: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Anandapuram 3rd Main Road Vallalar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value would be Rs 29,00,000. The stamp duty at 7% would amount to Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, bringing the total to Rs 2,61,000. 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 more details.

Which Sub Registrar Office covers Anandapuram 3rd Main Road Vallalar Street?

The Anandapuram 3rd Main Road Vallalar Street is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Selaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is essential for calculating the applicable stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Anandapuram 3rd Main Road Vallalar Street?

The current guideline value of Anandapuram 3rd Main Road Vallalar Street is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 450 per sq.ft in 2007 to Rs 2,900 per sq.ft in 2024, marking an overall increase of 544% over the years.

What is the land classification for Anandapuram 3rd Main Road Vallalar Street?

Anandapuram 3rd Main Road Vallalar Street is classified as Residential Special Type - I.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Anandapuram 3rd Main Road Vallalar Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 2,03,000.