Guideline Value for Anjaneyar Koil Street

Anjaneyar Koil Street guideline value

The current guideline value of Anjaneyar Koil Street is Rs 4,900 per sq.ft. This street is located in Muthiyalpet village, under the Sowcarpet SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Anjaneyar Koil Street has changed

The guideline value for Anjaneyar Koil Street has seen several revisions over the years. In 2003, the value was Rs 1,160 per sq.ft, which increased to Rs 1,600 per sq.ft in 2007, marking a significant rise of 38%. The value then surged to Rs 4,500 per sq.ft in 2012, representing a remarkable increase of 181%. However, between 2012 and 2017, the value decreased to Rs 3,015 per sq.ft, a drop of 33%. The value rose again to Rs 4,500 per sq.ft in 2023, and as of July 1, 2024, it stands at Rs 4,900 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 322%. The register does not have a figure for Anjaneyar Koil Street for the year 2002.

Guideline values in Muthiyalpet

In Muthiyalpet, there are 357 streets under the Sowcarpet SRO that carry a 2024 guideline value, ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing Anjaneyar Koil Street's 2024 value above this median.

• Andiappa Naicken Street: Rs 6,000 per sq.ft (2024)
• Anderson Street: Rs 8,800 per sq.ft (2024)
• Anaikara Godown Street: Rs 4,400 per sq.ft (2024)
• Amman Pakoda Street: Rs 4,900 per sq.ft (2024)
• Amman Koil Street (Sowcarpet): Rs 6,000 per sq.ft (2024)
• Amman Koil Street (Kondithope): Rs 6,000 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 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty, charged at 7%, would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. Please 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 further calculations.

Which Sub Registrar Office covers Anjaneyar Koil Street?

The Sub Registrar Office that covers Anjaneyar Koil Street is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. You can find your SRO for more information.

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

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Muthiyalpet. It serves as a benchmark for the minimum value at which properties are registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value helps to establish a fair price for taxation purposes. Buyers and sellers must consider this value to avoid discrepancies during registration, as the duty is calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Anjaneyar Koil Street?

The current guideline value of Anjaneyar Koil Street is Rs 4,900 per sq.ft as of the 2024 revision, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,160 per sq.ft in 2003 to Rs 4,900 per sq.ft in 2024, representing a total increase of 322% over this period.

What is the land classification of Anjaneyar Koil Street?

Anjaneyar Koil Street is classified as Residential Special Type - III, indicating its suitability for residential purposes.

Where is the Sowcarpet Sub Registrar Office located?

The Sowcarpet Sub Registrar Office is located at No.11, Davidson Street, Sowcarpet, Chennai-01, serving the registration needs for properties in this area.

How is stamp duty calculated for properties in Muthiyalpet?

Stamp duty for properties in Muthiyalpet is calculated based on the guideline value or the sale price, whichever is higher. It is typically charged at 7%, along with a registration fee of 2% of the guideline value.