Guideline Value for Anandapuram Annai Therasa Street

Anandapuram Annai Therasa Street guideline value

The current guideline value of Anandapuram Annai Therasa 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 Annai Therasa Street has changed

The guideline value for Anandapuram Annai Therasa Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,700 per sq.ft, which was then decreased to Rs 1,809 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,700 per sq.ft in the 2023 revision and further rose to Rs 2,900 per sq.ft in the 2024 revision.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a notable increase of 49%. The overall change from 2012 to 2024 is an increase of 7%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register 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 in this area is Rs 2,200 per sq.ft, making the current value of Anandapuram Annai Therasa Street above the median.

• Anandapuram 6th Street Nehruji Street: Rs 2,900 per sq.ft (2024)
• Anandapuram Ist Cross Street Ambedkar Street: Rs 2,900 per sq.ft (2024)
• Anandapuram 5th Main Road Karunanidhi Street: Rs 2,900 per sq.ft (2024)
• Anandapuram Jagajeevanram Street: Rs 2,900 per sq.ft (2024)
• Anandapuram 4th Street Aringer Anna Street: Rs 2,900 per sq.ft (2024)
• Anandapuram M.G.R Street: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Anandapuram Annai Therasa 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 fees together to Rs 2,61,000. Duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anandapuram Annai Therasa Street?

The Anandapuram Annai Therasa Street falls under 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 in property transactions in Selaiyur. It is used to determine the stamp duty and registration fees payable when buying or selling property. This ensures that the transaction is registered at a fair value, reflecting the official rates set by the government.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Anandapuram Annai Therasa Street?

The current guideline value of Anandapuram Annai Therasa Street is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen various changes, including a decrease from Rs 2,700 per sq.ft in 2012 to Rs 1,809 per sq.ft in 2017, followed by an increase to Rs 2,700 per sq.ft in 2023 and Rs 2,900 per sq.ft in 2024.

What is the land classification of Anandapuram Annai Therasa Street?

Anandapuram Annai Therasa Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this street?

The Selaiyur Sub Registrar Office covers Anandapuram Annai Therasa Street, located at No.36, Bharathmatha Salai, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties on this street?

Stamp duty for properties on Anandapuram Annai Therasa Street is calculated at 7% of the guideline value or sale price, whichever is higher. Additional registration fees at 2% are also applicable.