Guideline Value for Anandapuram M.G.R Street

Anandapuram M.G.R Street guideline value

The current guideline value of Anandapuram M.G.R Street is Rs 2,900 per sq.ft. 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 M.G.R Street has changed

The guideline value for Anandapuram M.G.R Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,700 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,809 per sq.ft. The value remained unchanged at Rs 2,700 per sq.ft in 2023, before increasing to Rs 2,900 per sq.ft in the 2024 revision, marking a 7% increase.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 7%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

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. Anandapuram M.G.R Street's 2024 guideline value is above this median.

• Anandapuram Jagajeevanram Street: Rs 2,900 per sq.ft (2024)
• Anandapuram Ist Cross Street Ambedkar Street: Rs 2,900 per sq.ft (2024)
• Anandapuram Annai Therasa Street: Rs 2,900 per sq.ft (2024)
• Anandapuram 6th Street Nehruji 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 M.G.R 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 to Rs 2,61,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anandapuram M.G.R Street?

The Anandapuram M.G.R 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 the registration of property transactions in Selaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. This value is used to calculate the applicable taxes and fees, making it an essential aspect of the real estate transaction process.

Frequently asked questions

What is the current guideline value of Anandapuram M.G.R Street?

The current guideline value of Anandapuram M.G.R 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 2,700 per sq.ft in 2023 to Rs 2,900 per sq.ft in 2024, which is a 7% increase. It was Rs 1,809 per sq.ft in 2017, and Rs 2,700 per sq.ft in 2012, showing various changes over the years.

What is the land classification for Anandapuram M.G.R Street?

Anandapuram M.G.R Street is classified as Residential Special Type - I, which indicates its suitability for residential purposes.

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.

How is stamp duty calculated for property in Anandapuram M.G.R Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 2,03,000.