Guideline Value for Ananthapuram

Ananthapuram guideline value

The current guideline value of Ananthapuram is Rs 200 per sq.ft, effective from 1 July 2024. This value is applicable in Mannoor village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Ananthapuram has changed

Over the years, the guideline value for Ananthapuram has seen several revisions. The 2007 revision set the value at Rs 100 per sq.ft, which increased to Rs 200 per sq.ft in the 2012 revision. This was followed by a decrease to Rs 134 per sq.ft in the 2017 revision, and then it remained stable at Rs 200 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, while from 2012 to 2017, it decreased by 33%. The overall change from 2007 to 2024 reflects a 100% increase, indicating a significant stabilization in the value since 2023.

Guideline values in Mannoor

In Mannoor, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,500 per sq.ft. The median value among these streets is Rs 250 per sq.ft, placing Ananthapuram's 2024 figure below that median.

• Ambika Nagar: Rs 200 per sq.ft (2024)
• Ambedhkar Street: Rs 100 per sq.ft (2024)
• Bairavar Nagar: Rs 250 per sq.ft (2024)
• Bajanai Koil Cross Street: Rs 100 per sq.ft (2024)
• Bajanai Koil Street: Rs 200 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Ananthapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total cost for these fees Rs 18,000. 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 more details.

Which Sub Registrar Office covers Ananthapuram?

The Sub Registrar Office that covers Ananthapuram is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor when registering property transactions in Mannoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the official rates set by the government. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Ananthapuram?

The current guideline value of Ananthapuram is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 100 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then a decrease to Rs 134 per sq.ft in 2017, and stabilizing at Rs 200 per sq.ft in 2023 and 2024.

What is the land classification for Ananthapuram?

Ananthapuram is classified as Residential Class III Type - I, which indicates its suitability for residential development.

How is the stamp duty calculated in Ananthapuram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at a rate of 7%.

Where can I find the Sub Registrar Office for Ananthapuram?

The Sub Registrar Office for Ananthapuram is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can visit the office for registration and other property-related services.