Guideline Value for Anjaneyar Koil Street

Anjaneyar Koil Street guideline value

The current guideline value of Anjaneyar Koil Street is Rs 3,850 per sq.ft. This street is located in Issa Pallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Anjaneyar Koil Street has changed

The guideline value of Anjaneyar Koil Street has seen several revisions over the years. In 2003, the value was Rs 267 per sq.ft, which increased to Rs 600 per sq.ft in 2007, marking a significant rise of 125%. By 2012, the value remained the same at Rs 3,500 per sq.ft, but then dropped to Rs 2,345 per sq.ft in 2017, a decrease of 33%. The value saw a substantial increase of 49% from 2017 to 2023, reaching Rs 3,500 per sq.ft, and currently stands at Rs 3,850 per sq.ft following a 10% increase in the 2024 revision.

The register does not have a figure for Anjaneyar Koil Street for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 1342%.

Guideline values in Issa Pallavaram

In Issa Pallavaram, there are 110 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. Anjaneyar Koil Street's 2024 figure of Rs 3,850 per sq.ft is above this median.

• Anejneyor Koil B Street: Rs 3,300 per sq.ft (2024)
• Anejneyor Koil 2nd Street: Rs 3,850 per sq.ft (2024)
• Annaswamy Street: Rs 2,200 per sq.ft (2024)
• Arasamaram Street: Rs 3,850 per sq.ft (2024)
• Arundathipuram: Rs 4,400 per sq.ft (2024)
• Arundathipuram 1st Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anjaneyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, while the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anjaneyar Koil Street?

Anjaneyar Koil 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 Issa Pallavaram

The guideline value is a crucial factor during the registration of property transactions in Issa Pallavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Anjaneyar Koil Street?

The current guideline value of Anjaneyar Koil Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting at Rs 267 per sq.ft in 2003 and reaching Rs 3,850 per sq.ft in 2024. Notable changes include a 125% increase from 2003 to 2007 and a 49% increase from 2017 to 2023.

What is the land classification for Anjaneyar Koil Street?

Anjaneyar Koil Street is classified as Residential Class I Type - I. This classification is important for understanding the permissible uses of the land.

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

The registration office for Anjaneyar Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 38,50,000, the stamp duty would be calculated at 7% of that amount.