Guideline Value for VEERA ANJANEYAR STREET

Veera Anjaneyar Street guideline value

The current guideline value of Veera Anjaneyar Street 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. The land classification for this area is Residential Class III Type - I.

How the guideline value of Veera Anjaneyar Street has changed

The guideline value for Veera Anjaneyar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,700 per sq.ft, which was then decreased 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 2023, before reaching the current figure of Rs 1,870 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the value saw a decrease of 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The overall change from 2012 to 2024 reflects a modest increase of 10% in the guideline value.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Veera Anjaneyar Street's current value below that median.

• Vedhachalam Street: Rs 2,200 per sq.ft (2024)
• Vedhachalam Nagar: Rs 2,200 per sq.ft (2024)
• Veerathamman Koil East Street: Rs 2,200 per sq.ft (2024)
• Veerathamman Koil Street: Rs 2,200 per sq.ft (2024)
• Veerathamman Koil West Street: Rs 2,200 per sq.ft (2024)
• Venkadesan Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Veera Anjaneyar Street

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, leading to a total of Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Veera Anjaneyar Street?

Veera Anjaneyar Street is covered by 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 details.

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

The guideline value is a critical factor during property registration in Jelandianpettai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When engaging in a transaction, the guideline value helps ensure that both the buyer and seller are aware of the official valuation of the property, which is necessary for legal documentation and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Veera Anjaneyar Street?

The current guideline value of Veera Anjaneyar Street 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 is the land classification for Veera Anjaneyar Street?

The land classification for Veera Anjaneyar Street is Residential Class III Type - I.

What are the other streets in Jelandianpettai with their guideline values?

Other streets in Jelandianpettai include Vedhachalam Street, Vedhachalam Nagar, Veerathamman Koil East Street, Veerathamman Koil Street, Veerathamman Koil West Street, and Venkadesan Street, all with a guideline value of Rs 2,200 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Veera Anjaneyar Street?

The Sub Registrar Office covering Veera Anjaneyar Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.