Guideline Value for Barracks Road (Anjaneyar Koil Street)

Barracks Road (Anjaneyar Koil Street) guideline value

The current guideline value of Barracks Road (Anjaneyar Koil Street) is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village, under the Sowcarpet SRO, and is classified as Residential Special Type - III.

How the guideline value of Barracks Road (Anjaneyar Koil Street) has changed

The guideline value for Barracks Road (Anjaneyar Koil Street) has undergone several revisions since 2007. In 2007, the value was Rs 1,600 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, this value decreased to Rs 3,015 per sq.ft in 2017. The subsequent revision in 2023 saw an increase to Rs 4,500 per sq.ft, followed by the current value of Rs 4,900 per sq.ft in 2024, marking a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 206%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Muthiyalpet

In Muthiyalpet, there are 357 streets under the Sowcarpet SRO that carry a guideline value for 2024, ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing Barracks Road (Anjaneyar Koil Street) above this median.

• Barracks 2nd Lane: Rs 4,900 per sq.ft (2024)
• Barracks 1st Lane: Rs 4,900 per sq.ft (2024)
• Bashiyakkara Naidu Street: Rs 5,500 per sq.ft (2024)
• Barlin Basin Street (Elephant Gate Street): Rs 6,000 per sq.ft (2024)
• Basin Bridge Road: Rs 6,000 per sq.ft (2024)
• Basin Street: Rs 6,000 per sq.ft (2024)

Stamp duty and registration fee for property in Barracks Road (Anjaneyar Koil Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, making the total costs together Rs 4,41,000. 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 Barracks Road (Anjaneyar Koil Street)?

The Sub Registrar Office that covers Barracks Road (Anjaneyar Koil Street) is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Muthiyalpet. 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 helps both buyers and sellers understand the official valuation of the property. This value is used by the registration authorities to assess the applicable duties and fees, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Barracks Road (Anjaneyar Koil Street)?

The current guideline value of Barracks Road (Anjaneyar Koil Street) is Rs 4,900 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 1,600 per sq.ft in 2007, increasing to Rs 4,900 per sq.ft in 2024. Notably, there was a decrease to Rs 3,015 per sq.ft in 2017 before rising again.

What is the median guideline value in Muthiyalpet?

The median guideline value in Muthiyalpet is Rs 4,400 per sq.ft for 2024. Barracks Road (Anjaneyar Koil Street) has a guideline value above this median.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 49,00,000, the total stamp duty and registration fees would amount to Rs 4,41,000.

Which office handles the registration for Barracks Road (Anjaneyar Koil Street)?

The Sowcarpet Sub Registrar Office handles the registration for Barracks Road (Anjaneyar Koil Street), located at No.11, Davidson Street, Sowcarpet, Chennai-01.