Guideline Value for ANJANEYA AVENUE

Anjaneya Avenue guideline value

The current guideline value of Anjaneya Avenue in Chikkarayapuram village is Rs 2,130 per sq.ft, effective from 1 July 2024. This property falls under the Kunrathur SRO and is classified as Residential Special Type - III.

How the guideline value of Anjaneya Avenue has changed

The guideline value for Anjaneya Avenue has seen significant changes over the years. In the 2017 revision, the value was Rs 1,300 per sq.ft, which increased to Rs 1,941 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 raised this figure to Rs 2,130 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Chikkarayapuram

In Chikkarayapuram, there are 61 streets under the Kunrathur SRO with a guideline value for 2024 ranging from Rs 1,430 to Rs 2,800 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Anjaneya Avenue's 2024 figure above this median.

• Anu Annexe: Rs 1,980 per sq.ft (2024)
• Anu Garden: Rs 1,980 per sq.ft (2024)
• Babu Garden Phase II&III: Rs 1,980 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,980 per sq.ft (2024)
• Bakyam Nagar: Rs 1,760 per sq.ft (2024)
• Balaji Avenue: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Anjaneya Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,130 per sq.ft, the total guideline value amounts to Rs 21,30,000. The stamp duty at 7% would be Rs 1,49,100, and the registration fee at 2% would be Rs 42,600, totaling Rs 1,91,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anjaneya Avenue?

Anjaneya Avenue is covered by 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 Chikkarayapuram

The guideline value plays a crucial role in the registration process when buying or selling property in Chikkarayapuram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the authorities will use the guideline value to calculate the applicable charges, ensuring that the transaction adheres to the legal requirements set by the state. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Anjaneya Avenue?

The current guideline value of Anjaneya Avenue is Rs 2,130 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,300 per sq.ft in 2017 to Rs 1,941 per sq.ft in 2023, and then to Rs 2,130 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the land classification for Anjaneya Avenue?

Anjaneya Avenue is classified as Residential Special Type - III under the guideline value register.

Where can I find the registration office for Anjaneya Avenue?

The registration office for Anjaneya Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Anjaneya Avenue?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 21,30,000, the stamp duty would amount to Rs 1,49,100.