Guideline Value for Anthony Street

Anthony Street guideline value

The current guideline value of Anthony Street in Kovilpathagai village, under the Ambattur SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - I.

How the guideline value of Anthony Street has changed

The guideline value for Anthony Street has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. However, this was followed by a significant increase to Rs 800 per sq.ft in the 2023 revision, and a further rise to Rs 880 per sq.ft in the 2024 revision, reflecting a change of +10% from the previous year. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kovilpathagai

In Kovilpathagai, there are 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 870 per sq.ft, placing Anthony Street's 2024 figure above this median.

• Anna Street (Natham): Rs 806 per sq.ft (2024)
• Ashok Nagar: Rs 880 per sq.ft (2024)
• Ashok Nagar Extn: Rs 990 per sq.ft (2024)
• Ashok Nagar Main Road: Rs 880 per sq.ft (2024)
• Anantham Nagar: Rs 807 per sq.ft (2024)
• Amman Koil Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Anthony Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, while the registration fee at 2% would be Rs 17,600, making the total cost for these charges Rs 79,200. 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?

The Sub Registrar Office that covers Anthony Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Kovilpathagai, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately in the official registry. It provides a standardized measure for property values, which is essential for legal and financial purposes during the sale process.

Frequently asked questions

What is the current guideline value of Anthony Street?

The current guideline value of Anthony Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

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

For a 1,000 sq.ft plot, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200 based on the current guideline value.

Which Sub Registrar Office covers Anthony Street?

The Ambattur Sub Registrar Office covers Anthony Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the median guideline value in Kovilpathagai?

The median guideline value for streets in Kovilpathagai is Rs 870 per sq.ft, which means that Anthony Street's guideline value of Rs 880 per sq.ft is above the median.