Guideline Value for Anumantha Rayan Koil Street

Anumantha Rayan Koil Street guideline value

The current guideline value of Anumantha Rayan Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village under the Sowcarpet SRO, classified as Residential Class I Type - I.

How the guideline value of Anumantha Rayan Koil Street has changed

Starting from the 2003 revision, the guideline value for Anumantha Rayan Koil Street was Rs 1,128 per sq.ft. It increased to Rs 1,200 per sq.ft in 2007, marking a 6% rise. The value then saw a significant jump to Rs 4,000 per sq.ft in 2012, which represented a 233% increase. However, it decreased to Rs 2,680 per sq.ft in 2017, reflecting a 33% decline. The 2023 revision set the value at Rs 4,000 per sq.ft, followed by a 10% increase to the current value of Rs 4,400 per sq.ft in 2024.

Overall, from 2003 to 2024, the guideline value has risen by 290%. The register has no figure for this street in 2002.

Guideline values in Muthiyalpet

In Muthiyalpet, there are 357 streets under the Sowcarpet SRO that carry a 2024 guideline value, ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median value is Rs 4,400 per sq.ft, which is equal to the current guideline value of Anumantha Rayan Koil Street.

• Anthony Street: Rs 6,600 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)
• Appu Maistry Street: Rs 4,900 per sq.ft (2024)
• Arak Godown Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Anumantha Rayan Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value totals Rs 44,00,000. The stamp duty at 7% amounts to Rs 3,08,000, and the registration fee at 2% is Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anumantha Rayan Koil Street?

The Sub Registrar Office that covers Anumantha Rayan Koil Street is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Muthiyalpet, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on an official valuation.

It is essential for buyers and sellers to be aware of the current guideline value to understand the financial implications of their transactions. This value is updated periodically, reflecting changes in the market and local regulations.

Frequently asked questions

What is the current guideline value of Anumantha Rayan Koil Street?

The current guideline value of Anumantha Rayan Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 1,128 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 290% over the years.

What is the median guideline value in Muthiyalpet?

The median guideline value in Muthiyalpet is Rs 4,400 per sq.ft, which is the same as the current guideline value for Anumantha Rayan Koil Street.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 4,400 per sq.ft incurs a total of Rs 3,96,000 in fees.

Where can I find the Sub Registrar Office for Anumantha Rayan Koil Street?

The Sub Registrar Office for Anumantha Rayan Koil Street is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01.