Guideline Value for Anandhapuram

Anandhapuram guideline value

The current guideline value for Anandhapuram, located in Madambakkam village under the Selaiyur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Anandhapuram has changed

The guideline value for Anandhapuram has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged in the 2023 revision. However, with the 2024 revision, the guideline value increased to Rs 1,100 per sq.ft, marking a 10% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Madambakkam

In Madambakkam, there are a total of 1,151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, placing Anandhapuram's 2024 figure below that median.

• Andal Nagar: Rs 1,600 per sq.ft (2024)
• Andal Nagar-Rukmani Devi Nagar: Rs 1,600 per sq.ft (2024)
• Andal Nagar-Vijayalakshmi Street: Rs 1,700 per sq.ft (2024)
• Anna 1st Cross Street: Rs 1,600 per sq.ft (2024)
• Anna 1st Street: Rs 1,600 per sq.ft (2024)
• Anna 2nd Cross Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Anandhapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that 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 Anandhapuram?

The Anandhapuram area 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. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Madambakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. The guideline value is updated periodically, reflecting changes in the real estate landscape.

Frequently asked questions

What is the current guideline value for Anandhapuram?

The current guideline value for Anandhapuram is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Anandhapuram has remained at Rs 1,000 per sq.ft from 2012 to 2023, before increasing to Rs 1,100 per sq.ft in 2024. This represents a 10% increase from 2023 to 2024.

What are the guideline values for other streets in Madambakkam?

Other streets in Madambakkam have varying guideline values, with rates ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value in the area is Rs 2,400 per sq.ft.

What fees are associated with property transactions in Anandhapuram?

When transacting property in Anandhapuram, buyers need to consider stamp duty, which is charged at 7% of the guideline value or sale price, whichever is higher, and a registration fee of 2%. Together, these fees can significantly add to the overall cost.

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. This office handles registrations for properties in Anandhapuram.