Guideline Value for ANCHOR S AISHWARYAM AVENUE

Anchor S Aishwaryam Avenue guideline value

The current guideline value of Anchor S Aishwaryam Avenue is Rs 350 per sq.ft, effective from 1 July 2024. This property is located in Kizhottivakkam village, under the Walajabad SRO, and is classified as Residential Class I Type - I.

How the guideline value of Anchor S Aishwaryam Avenue has changed

Looking at the revisions, the guideline value for Anchor S Aishwaryam Avenue has seen several changes over the years. The 2012 revision set the rate at Rs 350 per sq.ft, which remained unchanged in the subsequent revisions of 2017 and 2023. The 2017 revision marked an increase to Rs 234 per sq.ft, which was a decrease of 33% from the previous figure. The 2023 revision maintained the rate at Rs 350 per sq.ft, and the latest 2024 revision also keeps it at Rs 350 per sq.ft, showing no change from the previous year.

The overall change from the 2012 revision to the 2024 revision is 0%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Kizhottivakkam

In Kizhottivakkam, there are 12 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 750 per sq.ft, with a median value of Rs 510 per sq.ft. Anchor S Aishwaryam Avenue's guideline value is below this median.

• Anna nagar: Rs 200 per sq.ft (2024)
• Balu Garden -II: Rs 750 per sq.ft (2024)
• Jayam Nagar: Rs 750 per sq.ft (2024)
• Ram Balaji Nagar: Rs 520 per sq.ft (2024)
• Sai Nagar: Rs 350 per sq.ft (2024)
• S.D.Garden: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Anchor S Aishwaryam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty, charged at 7%, would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total fees together to Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Anchor S Aishwaryam Avenue?

The Sub Registrar Office that covers Anchor S Aishwaryam Avenue is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an important factor in the registration process when buying or selling property in Kizhottivakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the Registration Department.

When a property is sold, the guideline value helps in establishing the minimum value at which the property can be registered. Buyers and sellers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Anchor S Aishwaryam Avenue?

The current guideline value of Anchor S Aishwaryam Avenue is Rs 350 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 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then back to Rs 350 per sq.ft in 2023 and remaining the same in 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the stamp duty rate for property in Anchor S Aishwaryam Avenue?

The stamp duty rate for property in Anchor S Aishwaryam Avenue is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Kizhottivakkam?

The Walajabad Sub Registrar Office handles property registrations in Kizhottivakkam, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the guideline value determined for properties in Kizhottivakkam?

The guideline value for properties in Kizhottivakkam is determined by the Registration Department and varies by street. It is based on various factors and is updated periodically to reflect changes in the real estate market.