Guideline Value for Anthony Pillai Nagar Extn-I,II,III,IV,V,VI

Anthony Pillai Nagar Extn-I,II,III,IV,V,VI guideline value

The current guideline value for Anthony Pillai Nagar Extn-I,II,III,IV,V,VI is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village and falls under the Gooduvancheri SRO. The land classification is Commercial Special Type - I.

How the guideline value of Anthony Pillai Nagar Extn-I,II,III,IV,V,VI has changed

Over the years, the guideline value for Anthony Pillai Nagar Extn-I,II,III,IV,V,VI has seen several revisions. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012. However, by the 2017 revision, the value dropped to Rs 804 per sq.ft, reflecting a decrease of 33%. The value remained at Rs 1,200 per sq.ft in both the 2012 and 2023 revisions, and there was no change from 2023 to 2024.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back to Rs 1,200 per sq.ft. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 300%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 110 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft, with a median of Rs 1,200 per sq.ft. The guideline value for Anthony Pillai Nagar Extn-I,II,III,IV,V,VI aligns with this median.

• Anthony Pillai Nagar: Rs 1,200 per sq.ft (2024)
• Anu Sakthi Avenue: Rs 1,200 per sq.ft (2024)
• Athiparasakthi Nagar: Rs 1,200 per sq.ft (2024)
• A.V.N. Street - A.V.N.Nagar: Rs 1,300 per sq.ft (2024)
• Babu Avenue: Rs 1,300 per sq.ft (2024)
• Baby Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Anthony Pillai Nagar Extn-I,II,III,IV,V,VI

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees together to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anthony Pillai Nagar Extn-I,II,III,IV,V,VI?

The Sub Registrar Office that covers Anthony Pillai Nagar Extn-I,II,III,IV,V,VI is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

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

When registering a property, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Anthony Pillai Nagar Extn-I,II,III,IV,V,VI?

The current guideline value for Anthony Pillai Nagar Extn-I,II,III,IV,V,VI is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 1,200 per sq.ft in both 2023 and 2024. The value was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012, reflecting fluctuations over the years.

What is the land classification for Anthony Pillai Nagar Extn-I,II,III,IV,V,VI?

The land classification for Anthony Pillai Nagar Extn-I,II,III,IV,V,VI is Commercial Special Type - I. This classification is important for understanding the potential uses of the property.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000 in fees.

Which office handles registrations for Anthony Pillai Nagar Extn-I,II,III,IV,V,VI?

The Gooduvancheri Sub Registrar Office handles registrations for Anthony Pillai Nagar Extn-I,II,III,IV,V,VI. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.