Guideline Value for Anthony Pillai Nagar

Anthony Pillai Nagar guideline value

The current guideline value of Anthony Pillai Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Gooduvancheri SRO and is classified as Commercial Special Type - I.

How the guideline value of Anthony Pillai Nagar has changed

The guideline value for Anthony Pillai Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 300 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012. However, in the 2017 revision, the value decreased to Rs 804 per sq.ft, before rising again to Rs 1,200 per sq.ft in both the 2023 and 2024 revisions. The register has no figures for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, while there was a 33% decrease from 2012 to 2017. The substantial increase of 300% from 2007 to 2012 reflects a significant change in the market. Overall, from 2007 to 2024, the guideline value has increased by 300%.

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 value of Rs 1,200 per sq.ft. The guideline value of Anthony Pillai Nagar is equal to this median.

• Anthony Pillai Nagar Extn-I,II,III,IV,V,VI: 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

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, resulting in a total of Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anthony Pillai Nagar?

The Sub Registrar Office that covers Anthony Pillai Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-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 a crucial factor when registering property transactions in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When you buy or sell property, the guideline value is referred to ensure that the transaction is recorded at a value that is recognized by the Registration Department. This helps in maintaining transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Anthony Pillai Nagar?

The current guideline value of Anthony Pillai Nagar 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 changed significantly, from Rs 300 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreasing to Rs 804 per sq.ft in 2017, and returning to Rs 1,200 per sq.ft in both 2023 and 2024.

What is the land classification of Anthony Pillai Nagar?

Anthony Pillai Nagar is classified as Commercial Special Type - I, which indicates its suitability for commercial activities.

What are the stamp duty rates applicable in Anthony Pillai Nagar?

The stamp duty rate applicable in Anthony Pillai Nagar is 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%.

Where is the Sub Registrar Office for Anthony Pillai Nagar located?

The Sub Registrar Office for Anthony Pillai Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.