Guideline Value for Anandhanilayam Street(Sundarajarajan St)

Anandhanilayam Street(Sundarajarajan St) guideline value

The current guideline value of Anandhanilayam Street(Sundarajarajan St) is Rs 2,970 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village under the Pallavaram SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Anandhanilayam Street(Sundarajarajan St) has changed

Over the years, the guideline value for Anandhanilayam Street has seen several revisions. 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 at Rs 2,700 per sq.ft until the 2023 revision, which increased it to Rs 2,970 per sq.ft, reflecting a 10% rise. The latest revision in 2024 maintains this value at Rs 2,970 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,970 per sq.ft, which is equal to the guideline value of Anandhanilayam Street.

• Amman Koil Street Extn.: Rs 1,650 per sq.ft (2024)
• Amman Koil Street: Rs 2,970 per sq.ft (2024)
• Ambal Nagar: Rs 2,970 per sq.ft (2024)
• Anna Nagar Main Road: Rs 2,970 per sq.ft (2024)
• A.K. Nagar(Postal Avenue): Rs 3,850 per sq.ft (2024)
• A.G. Colony Extn.: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Anandhanilayam Street(Sundarajarajan St)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value amounts to Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, bringing the total cost to Rs 2,67,300. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anandhanilayam Street(Sundarajarajan St)?

The Sub Registrar Office that covers Anandhanilayam Street(Sundarajarajan St) is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Hastinapuram. It is used as a basis for calculating the stamp duty and registration fees during the registration process. Buyers and sellers must be aware of this value, as it can impact the overall cost of the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Anandhanilayam Street?

The current guideline value of Anandhanilayam Street(Sundarajarajan St) is Rs 2,970 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 2012 to Rs 2,970 per sq.ft in 2024, with various revisions in between. Notably, the value increased by 10% from 2023 to 2024.

What is the land classification for Anandhanilayam Street?

Anandhanilayam Street(Sundarajarajan St) is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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

The Sub Registrar Office for Anandhanilayam Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in Hastinapuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 29,70,000 would incur a stamp duty of Rs 2,07,900 at a rate of 7%.