Guideline Value for ANE AVENUE

Ane Avenue guideline value

The current guideline value of Ane Avenue in Kovur village, under the Kunrathur SRO, is Rs 2,300 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - III.

How the guideline value of Ane Avenue has changed

The guideline value for Ane Avenue has seen several revisions over the years. The 2017 revision set the value at Rs 1,400 per sq.ft. This was followed by a significant increase in the 2023 revision, which raised the value to Rs 2,090 per sq.ft, marking a 49% increase from 2017. The latest revision in 2024 has further increased the guideline value to Rs 2,300 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register does not provide figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kovur

In Kovur, there are 91 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, making Ane Avenue's current value above this median.

• Annammal Nagar: Rs 1,650 per sq.ft (2024)
• A.P.S. Garden: Rs 1,650 per sq.ft (2024)
• Arumugam Nagar: Rs 1,650 per sq.ft (2024)
• Balaji Nagar: Rs 1,430 per sq.ft (2024)
• Balakrishna Nagar: Rs 1,430 per sq.ft (2024)
• Balamurugan Nagar: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Ane Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,300 per sq.ft, the total guideline value amounts to Rs 23,00,000. The stamp duty at 7% would be Rs 1,61,000, and the registration fee at 2% would be Rs 46,000, bringing the total fees to Rs 2,07,000. 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 details.

Which Sub Registrar Office covers Ane Avenue?

The Sub Registrar Office that covers Ane Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kovur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value ensures that the transaction is recorded accurately and fairly in the official register.

When selling property, the guideline value can also influence the sale price and is often used as a reference point during negotiations. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ane Avenue?

The current guideline value of Ane Avenue is Rs 2,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased by 64% from Rs 1,400 per sq.ft to Rs 2,300 per sq.ft in 2024. The most recent change was a 10% increase from Rs 2,090 per sq.ft in 2023.

What is the median guideline value in Kovur?

The median guideline value for streets in Kovur is Rs 1,650 per sq.ft. Ane Avenue's current value is above this median.

What are the stamp duty and registration fees for property in Ane Avenue?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,61,000 and the registration fee would be Rs 46,000, totaling Rs 2,07,000.

Which office handles property registrations in Ane Avenue?

The Kunrathur Sub Registrar Office handles property registrations for Ane Avenue, located at No.59, Road Street, Kundrathur, Chennai -600 069.