Guideline Value for Cemetry Road

Cemetry Road guideline value

The current guideline value of Cemetry Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Aminjikarai village under the AnnaNagar SRO, classified as Residential Class II Type - II.

How the guideline value of Cemetry Road has changed

The guideline value for Cemetry Road has seen significant changes over the years. In 2002, it was Rs 530 per sq.ft, which increased to Rs 1,150 per sq.ft in 2007, marking a 117% rise. The value then surged to Rs 4,000 per sq.ft in 2012, an increase of 248%. However, it decreased to Rs 2,680 per sq.ft in 2017, reflecting a decline of 33%.

From 2017 to 2023, the value jumped to Rs 4,000 per sq.ft, representing a 49% increase. The latest revision in 2024 set the guideline value at Rs 4,400 per sq.ft, a 10% increase from the previous year. It is important to note that the register has no figure for this street in 2003.

Guideline values in Aminjikarai

Aminjikarai has 99 streets under the AnnaNagar SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is equal to the current figure for Cemetry Road.

• Chellammal Street: Rs 5,500 per sq.ft (2024)
• Chengalvarayan Street: Rs 4,400 per sq.ft (2024)
• Devakiammal Street: Rs 6,600 per sq.ft (2024)
• East Arasamaram Street: Rs 4,400 per sq.ft (2024)
• East Club Road: Rs 14,300 per sq.ft (2024)
• East Mada Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Cemetry Road

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the 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 Cemetry Road?

The Sub Registrar Office that covers Cemetry Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for further assistance.

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

The guideline value is a crucial reference for property transactions in Aminjikarai. It determines the minimum value at which a property can be registered and is often used to calculate stamp duty and registration fees during the sale process.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall cost of the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Cemetry Road?

The current guideline value of Cemetry Road 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 increased from Rs 530 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 730% over this period.

What are the stamp duty and registration fees for properties on Cemetry Road?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,96,000.

Which Sub Registrar Office covers Cemetry Road?

The AnnaNagar Sub Registrar Office covers Cemetry Road, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Cemetry Road?

Cemetry Road is classified as Residential Class II Type - II, indicating its suitability for residential purposes.