Guideline Value for Anandapuram Ist Cross Street Ambedkar Street

Anandapuram Ist Cross Street Ambedkar Street guideline value

The current guideline value of Anandapuram Ist Cross Street Ambedkar 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 Ist Cross Street Ambedkar Street has changed

The guideline value for Anandapuram Ist Cross Street Ambedkar Street has seen several revisions over the years. The 2007 revision set the value at Rs 450 per sq.ft, which increased significantly 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, a drop of 33%. The 2023 revision brought it back up to Rs 2,700 per sq.ft, and the current 2024 revision has further increased it to Rs 2,900 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 544%. The register has no 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 the village is Rs 2,200 per sq.ft, placing Anandapuram Ist Cross Street Ambedkar Street above this median.

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

Stamp duty and registration fee for property in Anandapuram Ist Cross Street Ambedkar 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, making the total cost for these fees 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 details.

Which Sub Registrar Office covers Anandapuram Ist Cross Street Ambedkar Street?

The Anandapuram Ist Cross Street Ambedkar 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. To find your specific SRO, you can visit find your SRO.

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, as it determines the minimum value at which a property can be registered. It is used to calculate the stamp duty and registration fees, ensuring that these costs are based on the official valuation rather than the negotiated sale price.

When a property is sold, the buyer must pay the 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 in the area.

Frequently asked questions

What is the current guideline value of Anandapuram Ist Cross Street Ambedkar Street?

The current guideline value of Anandapuram Ist Cross Street Ambedkar 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, an overall increase of 544% over the years.

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

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 2,03,000 and the registration fee would be Rs 58,000, totaling Rs 2,61,000.

Which office handles registrations for Anandapuram Ist Cross Street Ambedkar Street?

The Selaiyur Sub Registrar Office handles registrations for Anandapuram Ist Cross Street Ambedkar Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Anandapuram Ist Cross Street Ambedkar Street?

Anandapuram Ist Cross Street Ambedkar Street is classified as Residential Special Type - I, indicating its suitability for residential development.