Guideline Value for Ananoor Railway Station 1st Cross street (Santhosh nagar)

Ananoor Railway Station 1st Cross street (Santhosh nagar) guideline value

The current guideline value for Ananoor Railway Station 1st Cross street (Santhosh nagar) is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village and falls under the Ambattur SRO with a land classification of Residential Class II Type - II.

How the guideline value of Ananoor Railway Station 1st Cross street (Santhosh nagar) has changed

The guideline value for Ananoor Railway Station 1st Cross street has undergone several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased to Rs 800 per sq.ft in 2012, marking a 100% rise. However, it then saw a decrease to Rs 536 per sq.ft in 2017, a decline of 33%. The value then increased significantly to Rs 800 per sq.ft in 2023, and further to Rs 880 per sq.ft in 2024, reflecting a 10% increase.

Notably, the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value for Ananoor Railway Station 1st Cross street (Santhosh nagar) is below this median.

• Andavar 1st cross street: Rs 1,700 per sq.ft (2024)
• Amirthananda Mayi street (maruthiram nagar): Rs 1,100 per sq.ft (2024)
• Andavar Street: Rs 1,700 per sq.ft (2024)
• Ambigai Nagar: Rs 1,300 per sq.ft (2024)
• Angalamman street: Rs 1,700 per sq.ft (2024)
• Ambedkar Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Ananoor Railway Station 1st Cross street (Santhosh nagar)

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, leading to a total of Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Ananoor Railway Station 1st Cross street (Santhosh nagar)?

The Ananoor Railway Station 1st Cross street (Santhosh nagar) is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property, the buyer must ensure that the sale price meets or exceeds the guideline value to avoid any legal complications during registration.

Additionally, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with property transactions. Buyers should be aware of these values to budget accordingly for their property purchases.

Frequently asked questions

What is the current guideline value for Ananoor Railway Station 1st Cross street (Santhosh nagar)?

The current guideline value for Ananoor Railway Station 1st Cross street (Santhosh nagar) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting a total increase of 120% over the years.

What is the land classification for Ananoor Railway Station 1st Cross street?

The land classification for Ananoor Railway Station 1st Cross street (Santhosh nagar) is Residential Class II Type - II.

Where can I find the registration office for this property?

The registration office for Ananoor Railway Station 1st Cross street (Santhosh nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Ayappakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at a rate of 7%.