Guideline Value for Mathiazhagan Nagar - Anna Street

Mathiazhagan Nagar - Anna Street guideline value

The current guideline value for Mathiazhagan Nagar - Anna Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village under the Virugambakkam SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Mathiazhagan Nagar - Anna Street has changed

The guideline value for Mathiazhagan Nagar - Anna Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 484 per sq.ft. This increased to Rs 529 per sq.ft in 2003, marking a 9% rise. The value then rose significantly to Rs 850 per sq.ft in 2007, reflecting a 61% increase. In 2012, the value was Rs 3,000 per sq.ft, which was a substantial 253% increase from the previous figure. However, it dropped to Rs 2,010 per sq.ft in 2017, indicating a decrease of 33%. The guideline value then increased to Rs 3,000 per sq.ft in 2023, followed by a further increase to Rs 3,300 per sq.ft in the 2024 revision, representing a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 582%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value for Mathiazhagan Nagar - Anna Street is below this median.

• Mathiazhagan Nagar - Alagirisamy Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - Aranganathan Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - Govindasamy Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - Jeeva Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - Kamarajar Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - Kanniah Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Mathiazhagan Nagar - Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Mathiazhagan Nagar - Anna Street?

The Mathiazhagan Nagar - Anna Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

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

The guideline value serves as a benchmark for property transactions in Saligramam. It is used to determine the stamp duty and registration fees applicable during the registration of property sales. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is essential for calculating the financial obligations related to the transaction. It is crucial for buyers to be aware of this value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value for Mathiazhagan Nagar - Anna Street?

The current guideline value for Mathiazhagan Nagar - Anna Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 484 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 582% over this period.

What is the land classification for Mathiazhagan Nagar - Anna Street?

Mathiazhagan Nagar - Anna Street falls under the Residential Class III Type - I land classification.

Where can I find the Sub Registrar Office for Mathiazhagan Nagar - Anna Street?

The Virugambakkam Sub Registrar Office, which covers Mathiazhagan Nagar - Anna Street, is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.