Guideline Value for Anchaneyar Koil Street

Anchaneyar Koil Street guideline value

The current guideline value of Anchaneyar Koil Street is Rs 2,750 per sq.ft. This street is located in Madipakkam-1 village, under the Velacheri SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Anchaneyar Koil Street has changed

In the 2017 revision, the guideline value for Anchaneyar Koil Street was Rs 1,675 per sq.ft. This figure increased to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a 64% increase in the guideline value. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, which is equal to the current value of Anchaneyar Koil Street.

• Andal Nagar: Rs 2,200 per sq.ft (2024)
• Andal Nagar 1st Main Road: Rs 2,200 per sq.ft (2024)
• Andal Nagar Extn: Rs 2,200 per sq.ft (2024)
• Andal Street, Balaiah Garden: Rs 3,850 per sq.ft (2024)
• Andavar Street: Rs 2,200 per sq.ft (2024)
• Andavar Street, Balaiah Garden: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Anchaneyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. Please note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Anchaneyar Koil Street?

The Sub Registrar Office that covers Anchaneyar Koil Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor during property registration in Madipakkam-1. It determines the minimum value at which a property can be registered, ensuring that the state receives the appropriate stamp duty and registration fees based on this value.

When you buy or sell property, the guideline value helps in assessing the transaction's legitimacy, ensuring that the sale price is not significantly lower than the guideline value. This process aids in maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Anchaneyar Koil Street?

The current guideline value of Anchaneyar Koil Street is Rs 2,750 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,750 per sq.ft in 2024, showing a total increase of 64% over this period.

Where can I find the registration office for Anchaneyar Koil Street?

The registration office for Anchaneyar Koil Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

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

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500. These fees are based on the guideline value.

What is the land classification for Anchaneyar Koil Street?

Anchaneyar Koil Street falls under the Residential Class I Type - III land classification, indicating its suitability for residential purposes.