Guideline Value for ANNA (VANIGAM)

Anna (Vanigam) guideline value

The current guideline value for Anna (Vanigam) is Rs 1,625 per sq.ft, effective from 1 July 2024. This village falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of Anna (Vanigam) has changed

The guideline value for Anna (Vanigam) has seen several revisions since 2002. The figures are as follows: In 2002, the value was Rs 171 per sq.ft, which increased to Rs 197 per sq.ft in 2003. The 2007 revision saw a significant jump to Rs 350 per sq.ft, followed by a rise to Rs 1,200 per sq.ft in 2012. However, there was a decline to Rs 804 per sq.ft in 2017. The value then increased substantially to Rs 1,500 per sq.ft in 2023, and the latest revision in 2024 sets the value at Rs 1,625 per sq.ft.

Between these revisions, the changes were notable. From 2002 to 2003, there was an increase of 15%. The value surged by 78% from 2003 to 2007. The increase from 2007 to 2012 was 243%. However, from 2012 to 2017, the value decreased by 33%. The 2023 to 2024 revision shows an increase of 8%, and overall, from 2002 to 2024, the guideline value has risen by 850%.

Guideline values in Paruthipattu

In Paruthipattu village, there are 486 streets under the Avadi SRO, with the 2024 guideline values ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, which is the same as the guideline value for Anna (Vanigam).

• Anna Street Konambedu: Rs 950 per sq.ft (2024)
• Anna Street Kannigapuram: Rs 1,300 per sq.ft (2024)
• Anuman Kula Street: Rs 950 per sq.ft (2024)
• Anna Square: Rs 3,300 per sq.ft (2024)
• Annanur Station Road: Rs 950 per sq.ft (2024)
• Annanur Ponniyamman Koil St: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Anna (Vanigam)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500. Together, the total cost for stamp duty and registration fee would amount to Rs 1,46,250. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna (Vanigam)?

Anna (Vanigam) falls under 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 Paruthipattu

The guideline value plays a crucial role in the registration process when buying or selling property in Paruthipattu. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the transaction is documented at a value that reflects the official rates set by the government.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable stamp duty and registration fees. This value is essential for both parties to ensure compliance with legal requirements and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value for Anna (Vanigam)?

The current guideline value for Anna (Vanigam) is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 171 per sq.ft in 2002 to Rs 1,625 per sq.ft in 2024, reflecting an overall increase of 850% over this period.

What is the land classification for Anna (Vanigam)?

Anna (Vanigam) is classified as Residential Special Type - I under the Avadi SRO.

Where can I find the registration office for Anna (Vanigam)?

The registration office for Anna (Vanigam) is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for property in Anna (Vanigam)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,25,000, the stamp duty would be Rs 1,13,750 at a rate of 7%.