Guideline Value for Anchaneyar Kovil Street

Anchaneyar Kovil Street guideline value

The current guideline value of Anchaneyar Kovil Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Adayar village, under the Adayar SRO, and is classified as Residential Class III Type - I.

How the guideline value of Anchaneyar Kovil Street has changed

Over the years, the guideline value for Anchaneyar Kovil Street has seen several revisions. The 2007 revision set the value at Rs 1,750 per sq.ft, which increased to Rs 4,500 per sq.ft in 2012. However, in 2017, the value dropped to Rs 3,015 per sq.ft before rising again to Rs 4,500 per sq.ft in 2023. The most recent revision in 2024 has increased the guideline value to Rs 5,000 per sq.ft. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

The changes between the revisions highlight significant fluctuations. From 2007 to 2012, there was a substantial increase of 157%, followed by a decrease of 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and the latest revision from 2023 to 2024 shows an increase of 11%. Overall, the guideline value has increased by 186% from 2007 to 2024.

Guideline values in Adayar

Adayar village has a total of 92 streets under the Adayar SRO, with guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft as of 2024. The median guideline value for these streets is Rs 6,100 per sq.ft, placing Anchaneyar Kovil Street's 2024 figure below this median.

• Ambethkar Street: Rs 3,300 per sq.ft (2024)
• Ambadi Road: Rs 9,400 per sq.ft (2024)
• Alandur Road: Rs 6,100 per sq.ft (2024)
• Anna Salai: Rs 15,400 per sq.ft (2024)
• Anna Salai Lane: Rs 10,500 per sq.ft (2024)
• Arulalamman Pettai Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anchaneyar Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total fees to Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anchaneyar Kovil Street?

The Sub Registrar Office that covers Anchaneyar Kovil Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Adayar. When buying or selling property, this value is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of property transactions. Understanding this value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Anchaneyar Kovil Street?

The current guideline value of Anchaneyar Kovil Street is Rs 5,000 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 1,750 per sq.ft in 2007 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 186% over this period.

What are the other streets in Adayar with their guideline values?

Other streets in Adayar have varying guideline values. For example, Ambethkar Street is at Rs 3,300 per sq.ft, while Anna Salai is at Rs 15,400 per sq.ft as of 2024.

What fees are associated with property transactions in Anchaneyar Kovil Street?

When transacting property in Anchaneyar Kovil Street, the stamp duty is 7% of the guideline value, and the registration fee is 2%. These fees are based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Anchaneyar Kovil Street located?

The Adayar Sub Registrar Office, which covers Anchaneyar Kovil Street, is located at 51, Kamaraj Avenue, second Street, Adyar, Chennai-20.