Guideline Value for Anandapuram 5th Main Road Karunanidhi Street

Anandapuram 5th Main Road Karunanidhi Street guideline value

The current guideline value of Anandapuram 5th Main Road Karunanidhi 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 5th Main Road Karunanidhi Street has changed

The guideline value for Anandapuram 5th Main Road Karunanidhi Street has undergone several revisions over the years. In 2007, the value was set at Rs 450 per sq.ft. This increased significantly to Rs 2,700 per sq.ft in 2012, marking a 500% rise. However, by 2017, the value decreased to Rs 1,809 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 2,700 per sq.ft in 2023, followed by another increase to Rs 2,900 per sq.ft in 2024, which is a 7% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 544%. The revisions from 2002 and 2003 do not have figures available for this street in the register.

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, with a median value of Rs 2,200 per sq.ft. The guideline value for Anandapuram 5th Main Road Karunanidhi Street is above this median.

• Anandapuram 4th Street Aringer Anna Street: Rs 2,900 per sq.ft (2024)
• Anandapuram 6th Street Nehruji Street: Rs 2,900 per sq.ft (2024)
• Anandapuram 3rd Street Arumuganar Street: Rs 2,900 per sq.ft (2024)
• Anandapuram Annai Therasa Street: Rs 2,900 per sq.ft (2024)
• Anandapuram 3rd Main Road Vallalar Street: Rs 2,900 per sq.ft (2024)
• Anandapuram Ist Cross Street Ambedkar Street: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Anandapuram 5th Main Road Karunanidhi 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. Together, the total cost for these fees would be Rs 2,61,000. 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 detailed calculations.

Which Sub Registrar Office covers Anandapuram 5th Main Road Karunanidhi Street?

The Anandapuram 5th Main Road Karunanidhi 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 crucial factor when buying or selling property in Selaiyur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider the guideline 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 that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anandapuram 5th Main Road Karunanidhi Street?

The current guideline value of Anandapuram 5th Main Road Karunanidhi 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, showing an overall increase of 544% over the years.

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

For a property valued at Rs 29,00,000, the stamp duty would be Rs 2,03,000 and the registration fee would be Rs 58,000, totaling Rs 2,61,000.

Which Sub Registrar Office covers this street?

The Selaiyur Sub Registrar Office covers Anandapuram 5th Main Road Karunanidhi Street, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.

What is the land classification for Anandapuram 5th Main Road Karunanidhi Street?

Anandapuram 5th Main Road Karunanidhi Street is classified as Residential Special Type - I.