Guideline Value for Antony Pillai Street

Antony Pillai Street guideline value

The current guideline value of Antony Pillai Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village and falls under the Selaiyur SRO, classified as Residential Class III Type - II.

How the guideline value of Antony Pillai Street has changed

Over the years, the guideline value of Antony Pillai Street has seen several revisions. The earliest recorded revision was in 2007, where the value was Rs 450 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in 2012, marking a 167% rise. However, from 2012 to 2017, the value decreased by 33% to Rs 804 per sq.ft. The next revision in 2023 brought the value to Rs 1,200 per sq.ft, and the latest revision in 2024 has set it at Rs 1,300 per sq.ft, reflecting an 8% increase from the previous year. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%, bringing the value to Rs 1,200 per sq.ft. Overall, from the 2007 revision to the current 2024 value, there has been a substantial increase of 189%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft as of 2024. The median guideline value in this area is Rs 2,200 per sq.ft, indicating that Antony Pillai Street's current value is below this median.

• Antony Street: Rs 1,100 per sq.ft (2024)
• A.P.N. Nagar: Rs 2,200 per sq.ft (2024)
• Anna Street: Rs 2,900 per sq.ft (2024)
• Arthi Nagar: Rs 2,400 per sq.ft (2024)
• Anna Nagar: Rs 2,200 per sq.ft (2024)
• Arumuganar Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Antony Pillai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Antony Pillai Street?

The Sub Registrar Office that covers Antony Pillai Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Selaiyur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration. It ensures that the transaction is recorded at a value that reflects the official rates set by the government.

Additionally, the guideline value is essential for assessing property taxes and other legal requirements associated with property ownership. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Antony Pillai Street?

The current guideline value of Antony Pillai Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting a total increase of 189% over the years.

What are the other streets in Selaiyur and their guideline values?

Other streets in Selaiyur include Antony Street at Rs 1,100 per sq.ft, A.P.N. Nagar at Rs 2,200 per sq.ft, Anna Street at Rs 2,900 per sq.ft, Arthi Nagar at Rs 2,400 per sq.ft, Anna Nagar at Rs 2,200 per sq.ft, and Arumuganar Street at Rs 2,200 per sq.ft.

What fees are associated with property transactions on Antony Pillai Street?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Where can I find the Sub Registrar Office for Antony Pillai Street?

The Sub Registrar Office for Antony Pillai Street is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.