Guideline Value for ANNA COMPLEX

Anna Complex guideline value

The current guideline value of Anna Complex in Mitnamalle village is Rs 802 per sq.ft, effective from 1 July 2024. This property falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Anna Complex has changed

The guideline value for Anna Complex has seen several revisions over the years. In 2007, the value was Rs 150 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012. However, this value dropped to Rs 402 per sq.ft in 2017. The 2023 revision saw a substantial increase to Rs 600 per sq.ft, followed by a further rise to Rs 802 per sq.ft in 2024. The register has no figure for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 435%. The most notable change occurred between 2007 and 2012, where the value surged by 300%. The subsequent revisions from 2017 to 2023 and from 2023 to 2024 showed increases of 49% and 34%, respectively.

Guideline values in Mitnamalle

In Mitnamalle, there are 53 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,550 per sq.ft. The median value is Rs 802 per sq.ft, which is the same as the guideline value for Anna Complex.

• Ambedkar St: Rs 802 per sq.ft (2024)
• Alagappan St: Rs 802 per sq.ft (2024)
• Bajanai Koil St: Rs 802 per sq.ft (2024)
• Balaji Avenue: Rs 802 per sq.ft (2024)
• Bharath Avenue: Rs 802 per sq.ft (2024)
• Bharathi Nagar: Rs 802 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Complex

For a 1,000 sq.ft plot at the current guideline value of Rs 802 per sq.ft, the total guideline value amounts to Rs 8,02,000. The stamp duty at 7% would be Rs 56,140, and the registration fee at 2% would be Rs 16,040, bringing the total to Rs 72,180. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Complex?

The Anna Complex is 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 Mitnamalle

The guideline value is a crucial factor in the registration process when buying or selling property in Mitnamalle. It serves as a reference point for calculating the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Anna Complex?

The current guideline value of Anna Complex is Rs 802 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 802 per sq.ft in 2024, reflecting an overall increase of 435% over the years.

What is the stamp duty rate for properties in Anna Complex?

The stamp duty rate for properties in Anna Complex is 7%, based on the guideline value or the sale price, whichever is higher.

Where is the Avadi Sub Registrar Office located?

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

What are the other streets in Mitnamalle with the same guideline value?

Other streets in Mitnamalle with the same guideline value of Rs 802 per sq.ft include Ambedkar St, Alagappan St, Bajanai Koil St, Balaji Avenue, Bharath Avenue, and Bharathi Nagar.