Guideline Value for Anandapuram 6th Street Nehruji Street

Anandapuram 6th Street Nehruji Street guideline value

The current guideline value of Anandapuram 6th Street Nehruji Street is Rs 2,900 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village and falls under the Selaiyur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Anandapuram 6th Street Nehruji Street has changed

The guideline value for Anandapuram 6th Street Nehruji Street has seen several revisions over the years. In 2007, the guideline value was Rs 450 per sq.ft, which increased significantly to Rs 2,700 per sq.ft in 2012, marking a 500% rise. However, in 2017, the value dropped to Rs 1,809 per sq.ft, reflecting a decrease of 33%. 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.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 544%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Selaiyur

In Selaiyur village, 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 guideline value for these streets is Rs 2,200 per sq.ft, placing Anandapuram 6th Street Nehruji Street above this median.

• Anandapuram 5th Main Road Karunanidhi Street: Rs 2,900 per sq.ft (2024)
• Anandapuram Annai Therasa Street: Rs 2,900 per sq.ft (2024)
• Anandapuram 4th Street Aringer Anna Street: Rs 2,900 per sq.ft (2024)
• Anandapuram Ist Cross Street Ambedkar Street: Rs 2,900 per sq.ft (2024)
• Anandapuram 3rd Street Arumuganar Street: Rs 2,900 per sq.ft (2024)
• Anandapuram Jagajeevanram Street: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Anandapuram 6th Street Nehruji 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 at 7% would be Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, bringing the total fees to 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.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Anandapuram 6th Street Nehruji Street?

The Anandapuram 6th Street Nehruji 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 during the registration of property transactions in Selaiyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives due revenue from property transactions.

When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Anandapuram 6th Street Nehruji Street?

The current guideline value of Anandapuram 6th Street Nehruji 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 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 is the land classification for Anandapuram 6th Street Nehruji Street?

The land classification for Anandapuram 6th Street Nehruji Street is Residential Special Type - I.

What are the stamp duty rates for property transactions in this area?

Stamp duty for property transactions in this area is charged at 7% of the guideline value or the sale price, whichever is higher.

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.