Guideline Value for ANNAI AVENUE EXT-II

Annai Avenue Ext-II guideline value

The current guideline value of Annai Avenue Ext-II is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Devathanam village under the Ponneri SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Annai Avenue Ext-II has changed

Over the years, the guideline value of Annai Avenue Ext-II has seen several revisions. The earliest recorded revision is from 2012, where the value was Rs 100 per sq.ft. This remained unchanged until the next revision in 2017, where it dropped to Rs 67 per sq.ft, marking a decrease of 33%. However, by the 2023 revision, the value increased significantly to Rs 100 per sq.ft, representing a 49% increase from the 2017 figure. The most recent revision in 2024 has maintained this value at Rs 100 per sq.ft, showing no change from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 100 per sq.ft.

Guideline values in Devathanam

In Devathanam, there are 23 streets under the Ponneri SRO that have a 2024 guideline value ranging from Rs 100 to Rs 111 per sq.ft, with a median value of Rs 100 per sq.ft. The guideline value of Annai Avenue Ext-II aligns with this median.

• Annai Abirami Nagar: Rs 100 per sq.ft (2024)
• Dheepam Nagar: Rs 100 per sq.ft (2024)
• Dr.M.G.R.NAGAR PHASE-III,IV: Rs 100 per sq.ft (2024)
• Gandhi Nagar: Rs 100 per sq.ft (2024)
• Green City: Rs 100 per sq.ft (2024)
• Imayam Nagar: Rs 111 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Avenue Ext-II

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Annai Avenue Ext-II?

The Sub Registrar Office that covers Annai Avenue Ext-II is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Devathanam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is sold, the guideline value is used to calculate the applicable charges. Buyers should be aware that the stamp duty is levied based on either the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai Avenue Ext-II?

The current guideline value of Annai Avenue Ext-II is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revision in 2024 maintaining it at Rs 100 per sq.ft. The value dropped to Rs 67 per sq.ft in 2017 but increased back to Rs 100 per sq.ft by 2023.

What is the land classification for Annai Avenue Ext-II?

Annai Avenue Ext-II falls under the Residential Class II Type - I land classification.

Where can I find the Sub Registrar Office for Annai Avenue Ext-II?

The Ponneri Sub Registrar Office covers Annai Avenue Ext-II and is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for properties in Annai Avenue Ext-II?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 1,00,000, the stamp duty would be Rs 7,000 at 7%.