Guideline Value for Anthony Street

Anthony Street guideline value

The current guideline value of Anthony Street in Muthiyalpet village is Rs 6,600 per sq.ft, effective from 1 July 2024. This street falls under the Sowcarpet SRO and is classified as Commercial Class I Type - III.

How the guideline value of Anthony Street has changed

The guideline value for Anthony Street has undergone several revisions over the years. In 2003, the value was Rs 2,001 per sq.ft, which increased to Rs 2,500 per sq.ft in 2007, marking a 25% rise. The value then saw a significant jump to Rs 6,000 per sq.ft in 2012, reflecting a 140% increase. However, in 2017, the value decreased to Rs 4,020 per sq.ft, a drop of 33%. The 2023 revision set the value at Rs 6,000 per sq.ft, which was then revised to Rs 6,600 per sq.ft in 2024, representing a 10% increase.

Overall, from 2003 to 2024, the guideline value has increased by 230%. It is important to note that the register has no figure for Anthony Street for the year 2002.

Guideline values in Muthiyalpet

In Muthiyalpet, there are 357 streets under the Sowcarpet SRO with a 2024 guideline value ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing Anthony Street's 2024 figure above this median.

• Anumantha Rayan Koil Street: Rs 4,400 per sq.ft (2024)
• Appan Street: Rs 4,400 per sq.ft (2024)
• Appasamy Lane: Rs 4,900 per sq.ft (2024)
• Appasamy Mudali Street: Rs 4,900 per sq.ft (2024)
• Annapillai Street Segment-2 (Mint Street - Walltax Road): Rs 6,000 per sq.ft (2024)
• Annapillai Street Segment-1 (Broadway - Mint Street): Rs 6,000 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 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees together to Rs 5,94,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anthony Street?

The Sub Registrar Office that covers Anthony Street is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Muthiyalpet. It serves as a benchmark for determining the minimum value at which a property can be registered.

When a property transaction occurs, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Anthony Street?

The current guideline value of Anthony Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 2,001 per sq.ft in 2003 to Rs 6,600 per sq.ft in 2024, with notable changes in between.

What is the land classification of Anthony Street?

Anthony Street is classified as Commercial Class I Type - III, indicating its commercial usage in the area.

Where can I find the Sub Registrar Office for Anthony Street?

The Sowcarpet Sub Registrar Office covers Anthony Street and is located at No.11, Davidson Street, Sowcarpet, Chennai-01.

How is stamp duty calculated for properties in Muthiyalpet?

Stamp duty for properties in Muthiyalpet is calculated based on the guideline value or the sale price, whichever is higher. This includes a stamp duty of 7% and a registration fee of 2% on the guideline value.