Guideline Value for Anantha Naidu Street

Anantha Naidu Street guideline value

The current guideline value of Anantha Naidu Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Mannurpet village under the Konnur SRO and is classified as Residential Class I Type - I.

How the guideline value of Anantha Naidu Street has changed

The guideline value for Anantha Naidu Street has seen several revisions over the years. In 2002, the value was Rs 275 per sq.ft, which increased to Rs 302 per sq.ft in 2003, marking a 10% rise. By 2007, the value had significantly increased to Rs 800 per sq.ft, reflecting a 165% change. The 2012 revision brought the value to Rs 1,600 per sq.ft, which was a 100% increase from the previous figure. However, this was followed by a decrease to Rs 1,072 per sq.ft in 2017, representing a decline of 33%.

From 2017 to 2023, the guideline value rose to Rs 1,600 per sq.ft, showing a 49% increase. The most recent revision in 2024 set the value at Rs 1,700 per sq.ft, which is a 6% increase from the previous year. The register has no figure for the years not listed above.

Guideline values in Mannurpet

Mannurpet village has a total of 38 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,600 per sq.ft. The median guideline value for the village is Rs 1,300 per sq.ft, placing Anantha Naidu Street's 2024 figure above this median.

• Amman Koil Street: Rs 1,700 per sq.ft (2024)
• Ambathur Industrial Estate: Rs 6,600 per sq.ft (2024)
• Aathimulam Street: Rs 1,300 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,700 per sq.ft (2024)
• Coramandal Town: Rs 5,500 per sq.ft (2024)
• Elango Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Anantha Naidu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, while the registration fee at 2% would be Rs 34,000. Together, the total cost for these fees would be Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anantha Naidu Street?

The Sub Registrar Office that covers Anantha Naidu Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Mannurpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable fees. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Anantha Naidu Street?

The current guideline value of Anantha Naidu Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 275 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 518% across the years.

What is the land classification for Anantha Naidu Street?

Anantha Naidu Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Which office handles registrations for properties in Mannurpet?

The Konnur Sub Registrar Office handles registrations for properties in Mannurpet, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot with a guideline value of Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000.