Guideline Value for Anandapuram

Anandapuram guideline value

The current guideline value of Anandapuram, located in Irumpuliyur village under the Tambaram Joint 1 SRO, is Rs 880 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Anandapuram has changed

The guideline value for Anandapuram has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 500 per sq.ft. This value increased to Rs 800 per sq.ft in 2012, marking a 60% rise. However, it then decreased to Rs 536 per sq.ft in 2017, reflecting a 33% drop. The value rose significantly to Rs 800 per sq.ft in 2023, and has now reached Rs 880 per sq.ft in the 2024 revision, a 10% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the value increased by 49%, and overall, from 2007 to 2024, there has been an increase of 76%. This pattern highlights the fluctuations in the guideline value over the years, influenced by various factors.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Anandapuram's 2024 figure below this median.

• Ambethkar Street: Rs 880 per sq.ft (2024)
• Anthoniyar Street (Jebasthiyapuram): Rs 2,530 per sq.ft (2024)
• Arul Nagar: Rs 2,200 per sq.ft (2024)
• Arul Nagar Ext: Rs 1,100 per sq.ft (2024)
• Abirami Street: Rs 2,200 per sq.ft (2024)
• Abirami Nagar Main Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Anandapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anandapuram?

The Anandapuram area is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Irumpuliyur

The guideline value plays a crucial role in the registration process when buying or selling property in Irumpuliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the buyer and seller must adhere to the guideline value to calculate the applicable stamp duty and registration fees. This ensures transparency in property transactions and helps in maintaining a standard valuation across the region.

Frequently asked questions

What is the current guideline value of Anandapuram?

The current guideline value of Anandapuram is Rs 880 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 500 per sq.ft in 2007, increasing to Rs 800 in 2012, dropping to Rs 536 in 2017, rising to Rs 800 in 2023, and finally reaching Rs 880 in 2024.

What is the median guideline value in Irumpuliyur?

The median guideline value in Irumpuliyur is Rs 2,200 per sq.ft for the year 2024, with Anandapuram's value being below this median.

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

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles registrations for Anandapuram?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Anandapuram, located at No.26, Mes Road, East Tambaram, Chennai-600059.