Guideline Value for Anantha Krishna Iyer Street

Anantha Krishna Iyer Street guideline value

The current guideline value of Anantha Krishna Iyer Street is Rs 4,800 per sq.ft, effective from 1 July 2024. This street is located in Vepery village under the Periamet SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Anantha Krishna Iyer Street has changed

Over the years, the guideline value for Anantha Krishna Iyer Street has seen significant changes. The earliest recorded revision was in 2007, where the value was Rs 1,000 per sq.ft. This rose dramatically to Rs 4,500 per sq.ft in 2012, marking a 350% increase. However, the value then decreased to Rs 3,015 per sq.ft in 2017, a decline of 33%. The value increased again to Rs 4,500 per sq.ft in 2023, and most recently, it has risen to Rs 4,800 per sq.ft in 2024, reflecting a 7% increase from the previous year.

Between the 2017 and 2023 revisions, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 380%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median guideline value is Rs 4,800 per sq.ft, which is the same as the 2024 figure for Anantha Krishna Iyer Street.

• Anaikara Street: Rs 4,800 per sq.ft (2024)
• Andiappa Naicker street: Rs 4,800 per sq.ft (2024)
• Alathur Subramania Achary Street: Rs 4,800 per sq.ft (2024)
• Appa rao Garden: Rs 8,800 per sq.ft (2024)
• Arani Muthaiya Mudali Street: Rs 4,800 per sq.ft (2024)
• Arimuthu Maistry street: Rs 4,800 per sq.ft (2024)

Stamp duty and registration fee for property in Anantha Krishna Iyer Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,800 per sq.ft, the total guideline value amounts to Rs 48,00,000. The stamp duty at 7% would be Rs 3,36,000, and the registration fee at 2% would be Rs 96,000, totaling Rs 4,32,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for accurate calculations based on your property details.

Which Sub Registrar Office covers Anantha Krishna Iyer Street?

The Sub Registrar Office that covers Anantha Krishna Iyer Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vepery. It determines the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value helps in assessing the transaction price. Buyers and sellers must be aware that the stamp duty and registration fees are calculated based on this value, making it essential for accurate financial planning during property transactions.

Frequently asked questions

What is the current guideline value of Anantha Krishna Iyer Street?

The current guideline value of Anantha Krishna Iyer Street is Rs 4,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 4,800 per sq.ft in 2024, marking an overall increase of 380% over the years.

What is the land classification for Anantha Krishna Iyer Street?

Anantha Krishna Iyer Street falls under the Residential Class II Type - II land classification.

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

The Sub Registrar Office for Anantha Krishna Iyer Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Vepery?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. It is essential to consider this when planning for property transactions in Vepery.