Guideline Value for ANAND AVENUE

Anand Avenue guideline value

The current guideline value of Anand Avenue in Maele Manapakkam village is Rs 301 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of Anand Avenue has changed

Looking at the historical revisions, the guideline value for Anand Avenue was Rs 300 per sq.ft in 2023, which saw no change to Rs 301 per sq.ft in 2024. Prior to that, in 2017, the value was Rs 201 per sq.ft, reflecting a significant increase of 49% from 2017 to 2023. The 2012 revision recorded a value of Rs 300 per sq.ft, indicating a decrease of 33% to Rs 201 per sq.ft in 2017. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 301 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Maele Manapakkam

In Maele Manapakkam, there are 14 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 450 per sq.ft. The median value is Rs 301 per sq.ft, and Anand Avenue's 2024 figure matches this median.

• Brindhavan Nagar: Rs 250 per sq.ft (2024)
• Jaganatha Nagar: Rs 301 per sq.ft (2024)
• Sri Arunachala City: Rs 301 per sq.ft (2024)
• Sri Balaji Avenue: Rs 301 per sq.ft (2024)
• Sri Ganapathi Nagar: Rs 200 per sq.ft (2024)
• Sri Jayalakshmi Nagar: Rs 301 per sq.ft (2024)

Stamp duty and registration fee for property in Anand Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 301 per sq.ft, the total guideline value would be Rs 3,01,000. The stamp duty at 7% would amount to Rs 21,070, and the registration fee at 2% would be Rs 6,020, bringing the total cost to Rs 27,090. It is important to note that 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 details.

Which Sub Registrar Office covers Anand Avenue?

Anand Avenue falls under 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 Maele Manapakkam

The guideline value is a crucial factor during the registration of property transactions in Maele Manapakkam. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when acquiring property.

When you sell property in this area, the guideline value helps ensure that the sale price is in line with government valuations, which can affect the overall transaction process. It is essential for both buyers and sellers to be aware of these values for a smooth registration experience.

Frequently asked questions

What is the current guideline value of Anand Avenue?

The current guideline value of Anand Avenue is Rs 301 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 300 per sq.ft in 2023 to Rs 301 per sq.ft in 2024, with a significant increase from Rs 201 per sq.ft in 2017 to 2023. Overall, the value has remained unchanged from 2012 to 2024.

What are the other streets in Maele Manapakkam with their guideline values?

Other streets in Maele Manapakkam include Brindhavan Nagar at Rs 250 per sq.ft, Jaganatha Nagar, Sri Arunachala City, Sri Balaji Avenue, and Sri Jayalakshmi Nagar all at Rs 301 per sq.ft, and Sri Ganapathi Nagar at Rs 200 per sq.ft.

What fees are associated with buying property in Anand Avenue?

When buying property in Anand Avenue, buyers need to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Anand Avenue?

The Sub Registrar Office that covers Anand Avenue is the Chengleput Joint II SRO, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.