Guideline Value for Antony Street

Antony Street guideline value

The current guideline value of Antony Street in Madipakkam-1 village, under the Velacheri SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Antony Street has changed

In the 2017 revision, the guideline value for Antony Street was Rs 1,005 per sq.ft. This increased to Rs 1,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent 2024 revision has set the value at Rs 1,650 per sq.ft, which is a further increase of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. The guideline value of Antony Street is below this median.

• Antron Street: Rs 1,650 per sq.ft (2024)
• Anran Kuttai: Rs 1,650 per sq.ft (2024)
• Anna Nagar Veeraraghavan Street: Rs 2,750 per sq.ft (2024)
• Anna Nagar Main Road/Mahalakshmi Nagar: Rs 2,750 per sq.ft (2024)
• Anna Nagar Main Road: Rs 2,750 per sq.ft (2024)
• Anna Nagar Kanagavalli Street: Rs 2,750 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 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total charges Rs 1,48,500. Stamp duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Antony Street?

The Sub Registrar Office that covers Antony Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is an essential factor during the registration of property transactions in Madipakkam-1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable charges. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Antony Street?

The current guideline value of Antony Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: it was Rs 1,005 per sq.ft in 2017, increased to Rs 1,500 per sq.ft in 2023, and is now Rs 1,650 per sq.ft in 2024. The overall increase from 2017 to 2024 is 64%.

What are the guideline values of other streets in Madipakkam-1?

Other streets in Madipakkam-1 have varying guideline values. For instance, Antron Street and Anran Kuttai both have a guideline value of Rs 1,650 per sq.ft, while several other streets have a higher value of Rs 2,750 per sq.ft.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500. These fees are based on the higher of the guideline value or sale price.

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

The Velacheri Sub Registrar Office covers Antony Street and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find more details through the provided link.