Guideline Value for Anantharam Street

Anantharam Street guideline value

The current guideline value of Anantharam Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Anantharam Street has changed

The guideline value for Anantharam Street has undergone several revisions over the years. In 2003, the guideline value was Rs 554 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, marking an increase of 81%. The value then surged to Rs 3,200 per sq.ft in 2012, representing a significant rise of 220%. However, it decreased to Rs 2,144 per sq.ft in 2017, a decline of 33%. The most recent revision in 2024 set the guideline value at Rs 3,520 per sq.ft, reflecting an increase of 64% from the 2017 figure. Notably, there are no figures available for the years 2002 and 2023 in the register for this street.

Overall, from 2003 to 2024, the guideline value has increased by 535%, showcasing substantial growth over the two decades. The fluctuations in the guideline value reflect the changing dynamics of the real estate landscape in the region.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with the 2024 guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Anantharam Street's current value above this median.

• Anbulingam Street: Rs 2,750 per sq.ft (2024)
• Andavar Street: Rs 2,100 per sq.ft (2024)
• Anjaneyar Nagar: Rs 3,520 per sq.ft (2024)
• Amman Koil street: Rs 3,520 per sq.ft (2024)
• Ammani ammal Street: Rs 3,300 per sq.ft (2024)
• Annai Therasa Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anantharam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total cost for these fees to Rs 3,16,800. 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 Anantharam Street?

Anantharam Street falls under the jurisdiction of the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded fairly and accurately.

When a property is sold, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees. This helps maintain transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Anantharam Street?

The current guideline value of Anantharam Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 554 per sq.ft in 2003 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 535% over the two decades.

What are the stamp duty and registration fees for property in Anantharam Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 35,20,000. The stamp duty would be Rs 2,46,400, and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Which Sub Registrar Office handles registrations for Anantharam Street?

The Pallavaram Sub Registrar Office handles registrations for Anantharam Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the median guideline value for streets in Zaminpallavaram?

The median guideline value for streets in Zaminpallavaram is Rs 3,300 per sq.ft, with Anantharam Street's current value above this median.