Guideline Value for Anthony Street, Gandhi Nagar

Anthony Street, Gandhi Nagar guideline value

The current guideline value of Anthony Street, Gandhi Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Anthony Street, Gandhi Nagar has changed

The guideline value for Anthony Street has seen several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 1,507 per sq.ft. This figure increased to Rs 2,250 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 2,475 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value is Rs 2,090 per sq.ft, placing Anthony Street's 2024 figure above this median.

• Anthony Dass Street (Ganapathy Nagar): Rs 1,760 per sq.ft (2024)
• Appadurai Street, Sivasankaran Nagar: Rs 1,980 per sq.ft (2024)
• Appuduari Street (Sivashankaran Nagar): Rs 1,980 per sq.ft (2024)
• Appu Street (samundeswari Nagar): Rs 1,760 per sq.ft (2024)
• Anna Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Araganathan Nagar (All Streets near Krishna Nagar): Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Anthony Street, Gandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value amounts to Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total cost for duty and registration to Rs 2,22,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Anthony Street, Gandhi Nagar?

The Sub Registrar Office that covers Anthony Street, Gandhi Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees associated with the transaction.

When a property is sold, the higher of the guideline value or the sale price is used to calculate the applicable duties and fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the property transaction.

Frequently asked questions

What is the current guideline value of Anthony Street, Gandhi Nagar?

The current guideline value of Anthony Street, Gandhi Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,507 per sq.ft in 2017 to Rs 2,475 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What is the median guideline value in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, which is below the current value of Anthony Street.

What are the stamp duty and registration fees for property in Anthony Street?

The stamp duty for a property valued at Rs 24,75,000 is Rs 1,73,250, and the registration fee is Rs 49,500, totaling Rs 2,22,750.

Where is the Sub Registrar Office for Anthony Street, Gandhi Nagar located?

The Sub Registrar Office for Anthony Street, Gandhi Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.