Guideline Value for Anthaiyya Naidu Street

Anthaiyya Naidu Street guideline value

The current guideline value of Anthaiyya Naidu Street is Rs 450 per sq.ft, effective from 1 July 2024. This street is located in Molachoor village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Anthaiyya Naidu Street has changed

The guideline value for Anthaiyya Naidu Street has seen several revisions over the years. In 2012, the value was set at Rs 450 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 301 per sq.ft. This value was then increased by 50% in the 2023 revision, bringing it back to Rs 450 per sq.ft. The most recent 2024 revision has maintained this value, reflecting a 0% change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen no change, remaining at Rs 450 per sq.ft.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Anthaiyya Naidu Street's current value below that median.

• Anthaiya Nagar: Rs 605 per sq.ft (2024)
• Anthoniyar Avenue: Rs 605 per sq.ft (2024)
• Arizhnar Anna Street: Rs 600 per sq.ft (2024)
• Annai Velanganni Nagar: Rs 300 per sq.ft (2024)
• Annai Sivakami Street: Rs 300 per sq.ft (2024)
• Annai Santhiya Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Anthaiyya Naidu Street

For a 1,000 sq.ft plot at the current rate of Rs 450 per sq.ft, the guideline value amounts to Rs 4,50,000. The stamp duty at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, bringing the total to Rs 40,500. It is important to note that the 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 information on costs.

Which Sub Registrar Office covers Anthaiyya Naidu Street?

The Sub Registrar Office that covers Anthaiyya Naidu Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Molachoor. It serves as the basis for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official valuation of the property.

When buying or selling property, the guideline value helps in determining the legal obligations for payment of taxes and fees. It is essential for both parties to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Anthaiyya Naidu Street?

The current guideline value of Anthaiyya Naidu Street is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 450 per sq.ft since 2012, with a drop to Rs 301 per sq.ft in 2017, followed by a return to Rs 450 per sq.ft in 2023 and 2024.

What is the median guideline value for streets in Molachoor?

The median guideline value for the 112 streets in Molachoor under the Sunguvarchattram SRO is Rs 600 per sq.ft, which is higher than the value of Anthaiyya Naidu Street.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 4,50,000, the stamp duty would be Rs 31,500 and the registration fee would be Rs 9,000, totaling Rs 40,500.

Where is the Sub Registrar Office for Anthaiyya Naidu Street located?

The Sub Registrar Office for Anthaiyya Naidu Street is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.