Guideline Value for Anran Kuttai

Anran Kuttai guideline value

The current guideline value of Anran Kuttai is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of Anran Kuttai has changed

The guideline value for Anran Kuttai has seen significant changes over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in 2023, marking a 49% rise. With the latest revision in 2024, the value further increased by 10% to Rs 1,650 per sq.ft.

Overall, from 2017 to 2024, the guideline value has increased by 64%. 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 Madipakkam-1

In Madipakkam-1, there are a total of 1,823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for the area is Rs 2,750 per sq.ft, placing Anran Kuttai's 2024 figure below this median.

• Antony Street: Rs 1,650 per sq.ft (2024)
• Antron Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Veeraraghavan Street: Rs 2,750 per sq.ft (2024)
• Anna Nagar Main Road/Mahalakshmi Nagar: Rs 2,750 per sq.ft (2024)
• Anna Nagar Main Road: Rs 2,750 per sq.ft (2024)
• Anna Nagar Kanagavalli Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Anran Kuttai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees together to Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Anran Kuttai?

Anran Kuttai falls under the Velacheri Sub Registrar Office. The address is 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 in the registration process when buying or selling property in Madipakkam-1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected by the government. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Anran Kuttai?

The current guideline value of Anran Kuttai is Rs 1,650 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 1,650 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the other streets in Madipakkam-1 with similar guideline values?

Other streets in Madipakkam-1 with a guideline value of Rs 1,650 per sq.ft include Antony Street and Antron Street. Several other streets have higher values, reaching up to Rs 5,500 per sq.ft.

What is the registration fee for property in Anran Kuttai?

The registration fee for property in Anran Kuttai is calculated based on the guideline value. For example, a property valued at Rs 16,50,000 would incur a registration fee of Rs 33,000 at 2%.

Where can I find the Sub Registrar Office for Anran Kuttai?

The Velacheri Sub Registrar Office covers Anran Kuttai, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find more information about your SRO online.