Guideline Value for ANANDH AVENUE & STREETS

Anandh Avenue & Streets guideline value

The current guideline value of Anandh Avenue & Streets in Thiruninravur-B village under the Avadi SRO is Rs 870 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Anandh Avenue & Streets has changed

The guideline value for Anandh Avenue & Streets has seen several revisions over the years. The 2017 revision set the value at Rs 737 per sq.ft, which increased to Rs 800 per sq.ft in the 2023 revision, marking a 9% increase. The most recent revision in 2024 raised the value further to Rs 870 per sq.ft, reflecting another 9% increase. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 18%. The consistent upward trend in the guideline value indicates changes in the local property landscape.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO, with guideline values ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value for the area is Rs 770 per sq.ft, positioning Anandh Avenue & Streets above this median at Rs 870 per sq.ft.

• Anand Garden ( S.No. 382/4b1 & 382/4b2): Rs 440 per sq.ft (2024)
• Anand Garden (S.No. 145/1c2): Rs 770 per sq.ft (2024)
• Amman Nagar: Rs 440 per sq.ft (2024)
• Amman Koil Street: Rs 770 per sq.ft (2024)
• Ambigapuram & Streets: Rs 770 per sq.ft (2024)
• Ambigapuram: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Anandh Avenue & Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 870 per sq.ft, the total guideline value would be Rs 8,70,000. The stamp duty at 7% would amount to Rs 60,900, while the registration fee at 2% would be Rs 17,400. Together, the total cost for stamp duty and registration fee would be Rs 78,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anandh Avenue & Streets?

The Anandh Avenue & Streets are covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value plays a crucial role during the registration of property transactions in Thiruninravur-B. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps in determining the minimum price at which a property can be registered. This ensures transparency in property transactions and helps prevent undervaluation during the sale process.

Frequently asked questions

What is the current guideline value of Anandh Avenue & Streets?

The current guideline value of Anandh Avenue & Streets is Rs 870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and then to Rs 870 per sq.ft in 2024. This represents an overall increase of 18% from 2017 to 2024.

What is the land classification for Anandh Avenue & Streets?

Anandh Avenue & Streets fall under the Residential Class II Type - II land classification, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 8,70,000, the stamp duty would be Rs 60,900 and the registration fee would be Rs 17,400, totaling Rs 78,300. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Anandh Avenue & Streets?

The Avadi Sub Registrar Office covers Anandh Avenue & Streets, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.