Guideline Value for Ananthapuram 1st Street

Ananthapuram 1st Street guideline value

The current guideline value of Ananthapuram 1st Street is Rs 2,900 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Ananthapuram 1st Street has changed

The guideline value for Ananthapuram 1st Street has seen several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 2,700 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,809 per sq.ft. Following this, the value increased significantly to Rs 2,700 per sq.ft in 2023, before reaching the current value of Rs 2,900 per sq.ft in 2024.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. The transition from 2023 to 2024 reflects a 7% increase. Overall, from the 2012 revision to the current 2024 figure, there has been a modest increase of 7%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Selaiyur

In Selaiyur, there are a total of 478 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median value among these streets is Rs 2,200 per sq.ft, placing Ananthapuram 1st Street's 2024 figure above this median.

• Ananthapuram: Rs 2,900 per sq.ft (2024)
• Anandapuram M.G.R Street: Rs 2,900 per sq.ft (2024)
• Anandapuram Jagajeevanram Street: Rs 2,900 per sq.ft (2024)
• Andal Street: Rs 2,900 per sq.ft (2024)
• Anandapuram Ist Cross Street Ambedkar Street: Rs 2,900 per sq.ft (2024)
• Anandapuram Annai Therasa Street: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ananthapuram 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value would be Rs 29,00,000. The stamp duty at 7% would amount to Rs 2,03,000, and the registration fee at 2% would be Rs 58,000. Together, these fees would total Rs 2,61,000. It is important to note that the stamp duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Ananthapuram 1st Street?

The Sub Registrar Office that covers Ananthapuram 1st Street is 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 information.

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

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 in Selaiyur, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Accurate knowledge of these values helps in ensuring compliance with legal requirements during the property registration process.

Frequently asked questions

What is the current guideline value of Ananthapuram 1st Street?

The current guideline value of Ananthapuram 1st Street is Rs 2,900 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 1,809 per sq.ft in 2017, then to Rs 2,700 per sq.ft in 2023, and finally to Rs 2,900 per sq.ft in 2024.

What is the land classification for Ananthapuram 1st Street?

Ananthapuram 1st Street is classified as Residential Special Type - I.

Where is the Sub Registrar Office located for Ananthapuram 1st Street?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 29,00,000, the stamp duty at 7% would be Rs 2,03,000.