Guideline Value for ANAND AVENUE

Anand Avenue guideline value

The current guideline value of Anand Avenue, located in Palur-A village under the Chengleput Joint II SRO, is Rs 400 per sq.ft. This value is effective from the 2024 revision, which took place on 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Anand Avenue has changed

The guideline value for Anand Avenue has seen several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft. This figure remained unchanged in the subsequent revisions of 2023 and 2024, which both recorded a guideline value of Rs 400 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From the 2017 to 2023 revision, there was a significant increase of 49%. The guideline value remained stable from 2023 to 2024, showing no percentage change. Overall, from 2017 to 2024, the guideline value increased by 49%.

Guideline values in Palur-A

In Palur-A, there are 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, which is equal to the current guideline value of Anand Avenue.

• Balaji Nagar: Rs 300 per sq.ft (2024)
• Birundhavan Nagar: Rs 400 per sq.ft (2024)
• Cauvery Nagar: Rs 400 per sq.ft (2024)
• Ceeon Nagar: Rs 400 per sq.ft (2024)
• Dps Nagar: Rs 400 per sq.ft (2024)
• Ganapathy Nagar: Rs 400 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 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000. Together, these fees would total Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anand Avenue?

The Sub Registrar Office that covers Anand Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Palur-A

The guideline value is a crucial factor in the registration of property transactions in Palur-A. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold.

When registering a property, the guideline value ensures that the transaction is recorded at a standard value set by the government, which helps maintain transparency in property dealings. Buyers and sellers should always refer to the latest guideline values to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Anand Avenue?

The current guideline value of Anand Avenue is Rs 400 per sq.ft, effective from the 2024 revision on 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Anand Avenue has remained at Rs 400 per sq.ft from 2023 to 2024, and it increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, reflecting a 49% increase overall from 2017 to 2024.

What are the stamp duty and registration fees for properties in Anand Avenue?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot valued at Rs 4,00,000, the total fees would amount to Rs 36,000.

Which Sub Registrar Office covers Anand Avenue?

Anand Avenue is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Anand Avenue?

The land classification for Anand Avenue is Residential Special Type - I, indicating its designated use for residential purposes within the area.