Guideline Value for NETAJI STREET (ANUMANDHAPURAM SALAI) - EAST SIDE TO G.S.T

Netaji Street (Anumandhapuram Salai) - East Side To G.S.T guideline value

The current guideline value of Netaji Street (Anumandhapuram Salai) - East Side To G.S.T is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in SingaperumalKoil village and falls under the Chengleput Joint II SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Netaji Street (Anumandhapuram Salai) - East Side To G.S.T has changed

Over the years, the guideline value for Netaji Street (Anumandhapuram Salai) has seen several revisions. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft. The subsequent revisions in 2023 and 2024 maintained the value at Rs 1,500 per sq.ft, indicating no change between these two years. The register has no figures for the years 2002 and 2003.

From 2007 to 2024, the overall increase in the guideline value is 275%. The change from 2012 to 2017 saw a decrease of 33%, while there was a substantial increase of 49% from 2017 to 2023. The value remained stable from 2023 to 2024 with a change of +0%.

Guideline values in SingaperumalKoil

In SingaperumalKoil, there are 33 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Netaji Street (Anumandhapuram Salai) - East Side To G.S.T above this median.

• Nathgee Nagar: Rs 1,500 per sq.ft (2024)
• Narasimavarmar Street: Rs 1,100 per sq.ft (2024)
• Om Ganapathy Nagar: Rs 800 per sq.ft (2024)
• Muthu Mariamman Koil Street: Rs 1,100 per sq.ft (2024)
• M.G.R. Street: Rs 1,100 per sq.ft (2024)
• Mettu Street: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Netaji Street (Anumandhapuram Salai) - East Side To G.S.T

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. 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 further calculations.

Which Sub Registrar Office covers Netaji Street (Anumandhapuram Salai) - East Side To G.S.T?

The Sub Registrar Office that covers Netaji Street (Anumandhapuram Salai) - East Side To G.S.T is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in SingaperumalKoil. 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 is compared to the sale price. The higher of the two is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Netaji Street?

The current guideline value of Netaji Street (Anumandhapuram Salai) - East Side To G.S.T is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, decreased to Rs 1,005 per sq.ft in 2017, and has remained at Rs 1,500 per sq.ft in both 2023 and 2024.

What is the median guideline value for streets in SingaperumalKoil?

The median guideline value for the 33 streets in SingaperumalKoil under the Chengleput Joint II SRO is Rs 1,100 per sq.ft, with Netaji Street's current value being above this median.

What are the stamp duty and registration fees for property in Netaji Street?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Where can I find the Sub Registrar Office for Netaji Street?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information on how to locate your SRO.