Guideline Value for Anthaiya Samy Street

Anthaiya Samy Street guideline value

The current guideline value of Anthaiya Samy Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Naduveerapattu village, under the Padappai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Anthaiya Samy Street has changed

The guideline value for Anthaiya Samy Street has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 500 per sq.ft in the 2023 revision and is currently set at Rs 550 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the value rose by 49%. Overall, from the 2012 revision to the current 2024 figure, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Naduveerapattu

Naduveerapattu village has 96 streets under the Padappai SRO, with guideline values ranging from Rs 330 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, making the 2024 figure for Anthaiya Samy Street below the median.

• Anthoniyar Koil Street: Rs 550 per sq.ft (2024)
• Anthony Nagar: Rs 1,320 per sq.ft (2024)
• Anthonypuram: Rs 440 per sq.ft (2024)
• Anna Street: Rs 550 per sq.ft (2024)
• Arulappa Nagar: Rs 550 per sq.ft (2024)
• Ashok Brindavanam Phase - II: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Anthaiya Samy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. 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 further calculations.

Which Sub Registrar Office covers Anthaiya Samy Street?

The Sub Registrar Office that covers Anthaiya Samy Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Naduveerapattu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Anthaiya Samy Street?

The current guideline value of Anthaiya Samy Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the classification of land on Anthaiya Samy Street?

Anthaiya Samy Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Anthaiya Samy Street?

The Sub Registrar Office for Anthaiya Samy Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Naduveerapattu?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at a rate of 7%.