Guideline Value for Anthoniya Street

Anthoniya Street guideline value

The current guideline value of Anthoniya Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Cantonment Pallavaram village, under the Pallavaram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Anthoniya Street has changed

The guideline value for Anthoniya Street has seen several revisions over the years. In 2003, the guideline value was Rs 151 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2007, marking a 99% rise. The value then surged by 567% to reach Rs 2,000 per sq.ft in 2012. However, it decreased by 33% to Rs 1,340 per sq.ft in 2017. In 2023, the value increased to Rs 2,000 per sq.ft, and the most recent revision in 2024 set it at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1357%. It is important to note that the register has no figure for Anthoniya Street for the year 2002.

Guideline values in Cantonment Pallavaram

In Cantonment Pallavaram, there are 81 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Anthoniya Street's 2024 figure below that median.

• Appavoo Naicken Street: Rs 2,700 per sq.ft (2024)
• Arian Street: Rs 2,200 per sq.ft (2024)
• Arumalai Chavadi: Rs 3,300 per sq.ft (2024)
• Arumugapillai Street: Rs 2,750 per sq.ft (2024)
• Asen Basha Street: Rs 3,300 per sq.ft (2024)
• Bajanai Koil Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Anthoniya Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anthoniya Street?

The Sub Registrar Office that covers Anthoniya Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Cantonment Pallavaram. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is assessed to establish the official value of the property for taxation purposes. This value is essential for both buyers and sellers to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Anthoniya Street?

The current guideline value of Anthoniya Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 151 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, showing an overall increase of 1357% over this period.

What is the land classification for Anthoniya Street?

The land classification for Anthoniya Street is Residential Class III Type - I.

Where is the Sub Registrar Office located for Anthoniya Street?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How are stamp duty and registration fees calculated for properties?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000.