Guideline Value for Anil Metha Thottam

Anil Metha Thottam guideline value

The current guideline value of Anil Metha Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, classified as Residential Class IV Type - I.

How the guideline value of Anil Metha Thottam has changed

In the 2017 revision, the guideline value was Rs 1,005 per sq.ft. This figure increased significantly to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision set the value at Rs 1,700 per sq.ft, which is a 13% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 69%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are a total of 754 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, positioning Anil Metha Thottam's 2024 figure below this median.

• Anil Nagar Garden: Rs 3,900 per sq.ft (2024)
• Annai Indira 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Annai Indira 1st Street: Rs 2,200 per sq.ft (2024)
• Annai Indira 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Annai Indira 2nd Street: Rs 2,200 per sq.ft (2024)
• Annai Indira Gandhi Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Anil Metha Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anil Metha Thottam?

The Sub Registrar Office that covers Anil Metha Thottam is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Sholinganallur - 1, determining the minimum value at which properties can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value as it affects the overall cost of the transaction. The registration process will require adherence to these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Anil Metha Thottam?

The current guideline value of Anil Metha Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, and then to Rs 1,700 per sq.ft in 2024. This represents a total increase of 69% from 2017 to 2024.

What are the other streets in Sholinganallur - 1?

Other streets in Sholinganallur - 1 include Anil Nagar Garden with a guideline value of Rs 3,900 per sq.ft, and several streets under the Annai Indira name, all valued at Rs 2,200 per sq.ft.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions is 7% of the guideline value or sale price, whichever is higher. This is applicable during the registration of the property.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.