Guideline Value for ANANDAVALLI STREET

Anandavalli Street guideline value

The current guideline value of Anandavalli Street is Rs 5,300 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village, under the Kodambakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Anandavalli Street has changed

The guideline value for Anandavalli Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,050 per sq.ft. This increased significantly to Rs 4,900 per sq.ft in 2012, marking a rise of 367%. However, in 2017, the value decreased to Rs 3,283 per sq.ft, reflecting a drop of 33%. The value then climbed to Rs 4,900 per sq.ft in 2023, before reaching the current rate of Rs 5,300 per sq.ft in 2024, which is an increase of 8% from the previous year.

There are no figures available for Anandavalli Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 405%.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that have a 2024 guideline value, ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 6,000 per sq.ft, placing Anandavalli Street's current value below that median.

• Ambedkar Nagar: Rs 4,400 per sq.ft (2024)
• Ambalavanan Street: Rs 5,300 per sq.ft (2024)
• Amaravathi Nagar West I St Cross Street: Rs 6,600 per sq.ft (2024)
• Amaravathi Nagar West II Nd Cross Street: Rs 6,600 per sq.ft (2024)
• Amaravathi Nagar West III Rd Cross Street: Rs 6,600 per sq.ft (2024)
• Amaravathi Nagar Main Road: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Anandavalli Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,300 per sq.ft, the total guideline value amounts to Rs 53,00,000. The stamp duty, charged at 7%, would be Rs 3,71,000, and the registration fee, charged at 2%, would be Rs 1,06,000. Together, the total cost for these fees would be Rs 4,77,000. It is important to note that 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 Anandavalli Street?

The Sub Registrar Office that covers Anandavalli Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Arumbakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure that they comply with the legal requirements during the registration process.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Anandavalli Street?

The current guideline value of Anandavalli Street is Rs 5,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 1,050 per sq.ft in 2007, rising to Rs 4,900 in 2012, dropping to Rs 3,283 in 2017, and finally reaching Rs 5,300 in 2024.

What is the median guideline value in Arumbakkam?

The median guideline value for the 391 streets in Arumbakkam is Rs 6,000 per sq.ft, which is higher than the current guideline value of Anandavalli Street.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. This ensures that the appropriate fees are charged during the registration process.