Guideline Value for Antony Street

Antony Street guideline value

The current guideline value of Antony Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Antony Street has changed

Over the years, the guideline value of Antony Street has seen several revisions. The earliest available figure is from 2007, when it was Rs 300 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 233%. However, the value dropped to Rs 670 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 1,000 per sq.ft in 2023, followed by the current figure of Rs 1,100 per sq.ft in 2024, which is a 10% increase from the previous year. The register has no figures for the years 2002 and 2003.

From 2007 to 2024, the overall change in the guideline value is an increase of 267%. The transitions from each revision highlight the fluctuations in the guideline value, reflecting changes in the local real estate landscape.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Antony Street's 2024 guideline value below that median.

• Antony Pillai Street: Rs 1,300 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000. Together, these fees would total Rs 99,000. 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 Street?

The Sub Registrar Office that covers Antony 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 further assistance.

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. It is used as a basis for calculating the stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value helps determine the official value of the transaction, which is essential for legal documentation and taxation purposes. This ensures that all parties involved are aware of the financial implications of the sale.

Frequently asked questions

What is the current guideline value of Antony Street?

The current guideline value of Antony Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 300 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What are the stamp duty and registration fees for properties on Antony Street?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office should I visit to register property in Antony Street?

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

What is the median guideline value for streets in Selaiyur?

The median guideline value for streets in Selaiyur is Rs 2,200 per sq.ft, while Antony Street's guideline value is below this median at Rs 1,100 per sq.ft.