Guideline Value for MAHAVEERAR STREET VEERA ANJANEYAR NAGAR

Mahaveerar Street Veera Anjaneyar Nagar guideline value

The current guideline value of Mahaveerar Street Veera Anjaneyar Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Jelandianpettai village and falls under the Chennai South Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Mahaveerar Street Veera Anjaneyar Nagar has changed

The guideline value for Mahaveerar Street Veera Anjaneyar Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 1,700 per sq.ft, which was then reduced to Rs 1,139 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,700 per sq.ft in the 2023 revision, and most recently, it has risen to Rs 1,870 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, the guideline value has seen a 10% increase from the 2012 revision to the 2024 revision. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Mahaveerar Street Veera Anjaneyar Nagar's current value below this median.

• Mahagaveer Street: Rs 2,200 per sq.ft (2024)
• Mageshwari Street: Rs 2,200 per sq.ft (2024)
• Mageshwari Nagar: Rs 2,200 per sq.ft (2024)
• Manickam Cross Street: Rs 2,750 per sq.ft (2024)
• Manickam Street: Rs 2,750 per sq.ft (2024)
• Manimegalai Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Mahaveerar Street Veera Anjaneyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total charges to Rs 1,68,300. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mahaveerar Street Veera Anjaneyar Nagar?

The Sub Registrar Office covering Mahaveerar Street Veera Anjaneyar Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Jelandianpettai. It serves as a reference point for determining the stamp duty and registration fees applicable during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price of the property.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Mahaveerar Street Veera Anjaneyar Nagar?

The current guideline value of Mahaveerar Street Veera Anjaneyar Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, then increased to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,870 per sq.ft in 2024.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft property would incur a total charge of Rs 1,68,300.

Which Sub Registrar Office covers this street?

The Chennai South Joint I Sub Registrar Office covers Mahaveerar Street Veera Anjaneyar Nagar, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification of Mahaveerar Street Veera Anjaneyar Nagar?

Mahaveerar Street Veera Anjaneyar Nagar is classified as Residential Class III Type - I, indicating its suitability for residential development.