Guideline Value for Anumanthaputheri Adhilakshmi Nagar

Anumanthaputheri Adhilakshmi Nagar guideline value

The current guideline value of Anumanthaputheri Adhilakshmi Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Chengalpattu Town village, under the Chengleput Joint I SRO, and is classified as Residential Class V Type - I.

How the guideline value of Anumanthaputheri Adhilakshmi Nagar has changed

Over the years, the guideline value of Anumanthaputheri Adhilakshmi Nagar has seen several revisions. The 2007 revision set the value at Rs 375 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 300% rise. However, the value then decreased to Rs 1,005 per sq.ft in 2017, reflecting a 33% drop. The subsequent revision in 2023 raised the value to Rs 1,500 per sq.ft, followed by the current rate of Rs 1,650 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 for this street.

When looking at the overall changes from 2007 to 2024, the guideline value has increased by 340%. The 2024 figure of Rs 1,650 per sq.ft is below the median value of Rs 3,025 per sq.ft for the 55 streets in Chengalpattu Town under the Chengleput Joint I SRO.

Guideline values in Chengalpattu Town

In Chengalpattu Town, the guideline values for various streets range from Rs 1,650 to Rs 5,500 per sq.ft. The 2024 guideline value for Anumanthaputheri Adhilakshmi Nagar is on the lower end of this spectrum.

• Anumanthaputheri Madurai Veeran Koil Street: Rs 2,420 per sq.ft (2024)
• Anumanthaputheri Nadu Street: Rs 1,650 per sq.ft (2024)
• Anumanthaputheri Pillaiyar Koil Street: Rs 2,750 per sq.ft (2024)
• Anumanthaputheri T.V. Tower Road: Rs 1,650 per sq.ft (2024)
• Anumanthaputheri Varadharaj Nagar: Rs 2,750 per sq.ft (2024)
• Anna Salai: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Anumanthaputheri Adhilakshmi Nagar

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 amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees to Rs 1,48,500. 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 Anumanthaputheri Adhilakshmi Nagar?

The Sub Registrar Office that covers Anumanthaputheri Adhilakshmi Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Chengalpattu Town. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Anumanthaputheri Adhilakshmi Nagar?

The current guideline value of Anumanthaputheri Adhilakshmi Nagar 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 changed from Rs 375 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, showing an overall increase of 340% over the years.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, while the registration fee is 2%. For instance, for a 1,000 sq.ft plot, the total fees would be Rs 1,48,500.

Which Sub Registrar Office covers this area?

The Chengleput Joint I Sub Registrar Office covers Anumanthaputheri Adhilakshmi Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value for properties, affecting the stamp duty and registration fees that buyers must pay during a transaction.