Guideline Value for Anvar Street

Anvar Street guideline value

The current guideline value of Anvar Street in Perungalathur village, under the Padappai SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class IV Type - II.

How the guideline value of Anvar Street has changed

The guideline value for Anvar Street has seen several revisions over the years. In 2007, the value was set at Rs 250 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 500% rise. However, it then decreased to Rs 1,005 per sq.ft in 2017, a drop of 33%. Following this, the value surged to Rs 1,500 per sq.ft in 2023, and further increased to Rs 1,650 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 560%. It is important to note that the register has no figures for Anvar Street for the years 2002 and 2003.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. Anvar Street's 2024 value of Rs 1,650 per sq.ft is below this median.

• Appar Street: Rs 2,310 per sq.ft (2024)
• Appar Street Extension: Rs 2,310 per sq.ft (2024)
• Anna Street: Rs 2,640 per sq.ft (2024)
• Arunachala Nagar: Rs 1,650 per sq.ft (2024)
• Arunagirinathar Street: Rs 2,970 per sq.ft (2024)
• Annai Therasa Nagar and Extn: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Anvar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to 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, totaling Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anvar Street?

The Sub Registrar Office that covers Anvar Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Perungalathur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that transactions are conducted fairly and transparently.

When a buyer decides to purchase a property, the guideline value helps in establishing a baseline for negotiations and ensures that both parties are aware of the government's valuation of the property. This process aids in maintaining a standard for property transactions within the region.

Frequently asked questions

What is the current guideline value of Anvar Street?

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

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 250 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 560% over the years.

What is the stamp duty for property in Anvar Street?

The stamp duty for property in Anvar Street is 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 1,15,500.

Which office handles registrations for Anvar Street?

The Padappai Sub Registrar Office handles registrations for Anvar Street, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification of Anvar Street?

Anvar Street is classified as Residential Class IV Type - II, indicating its suitability for residential purposes within the guidelines set by the government.