Guideline Value for Anandapuram 4th Street Aringer Anna Street

Anandapuram 4th Street Aringer Anna Street guideline value

The current guideline value for Anandapuram 4th Street Aringer Anna Street is Rs 2,900 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village under the Selaiyur SRO, classified as Residential Special Type - I.

How the guideline value of Anandapuram 4th Street Aringer Anna Street has changed

The guideline value for Anandapuram 4th Street Aringer Anna Street has seen significant changes over the years. In 2007, the value was Rs 450 per sq.ft, which increased dramatically to Rs 2,700 per sq.ft in 2012, marking a 500% rise. However, it then decreased to Rs 1,809 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 2,700 per sq.ft in 2023, and currently stands at Rs 2,900 per sq.ft as of the 2024 revision, reflecting a 7% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 544%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, making the current value of Anandapuram 4th Street Aringer Anna Street above this median.

• Anandapuram 3rd Street Arumuganar Street: Rs 2,900 per sq.ft (2024)
• Anandapuram 5th Main Road Karunanidhi Street: Rs 2,900 per sq.ft (2024)
• Anandapuram 3rd Main Road Vallalar Street: Rs 2,900 per sq.ft (2024)
• Anandapuram 6th Street Nehruji Street: Rs 2,900 per sq.ft (2024)
• Anandapuram 2nd Street Bharathiyar Street: Rs 2,900 per sq.ft (2024)
• Anandapuram Annai Therasa Street: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Anandapuram 4th Street Aringer Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value amounts to Rs 29,00,000. The stamp duty, calculated at 7%, would be Rs 2,03,000, and the registration fee at 2% would be Rs 58,000. Together, these fees total Rs 2,61,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anandapuram 4th Street Aringer Anna Street?

The Anandapuram 4th Street Aringer Anna 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 plays a crucial role in the registration process when buying or selling property in Selaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted transparently and fairly.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, contributing to local development and infrastructure.

Frequently asked questions

What is the current guideline value for Anandapuram 4th Street Aringer Anna Street?

The current guideline value for Anandapuram 4th Street Aringer Anna 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, from Rs 450 per sq.ft in 2007 to Rs 2,900 per sq.ft in 2024, reflecting an overall increase of 544% over the years.

What are the stamp duty and registration fees for property in this area?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft property, the total fees would amount to Rs 2,61,000.

Which Sub Registrar Office covers this street?

The Selaiyur Sub Registrar Office covers Anandapuram 4th Street Aringer Anna Street, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.

What is the median guideline value for streets in Selaiyur?

The median guideline value for streets in Selaiyur is Rs 2,200 per sq.ft, with Anandapuram 4th Street Aringer Anna Street's value being above this median at Rs 2,900 per sq.ft.