Guideline Value for ANNAI AVENUE

Annai Avenue guideline value

The current guideline value of Annai Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Ottiyampakkam village under the Selaiyur SRO, classified as Residential Class II Type - I.

How the guideline value of Annai Avenue has changed

The guideline value for Annai Avenue has seen several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,500 per sq.ft. The latest revision in 2024 has further increased the value by 10%, resulting in a current guideline value of Rs 1,650 per sq.ft.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, and 2007 for Annai Avenue. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ottiyampakkam

In Ottiyampakkam, there are 88 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 4,300 per sq.ft. The median value for these streets is Rs 1,950 per sq.ft, making the guideline value of Annai Avenue below this median.

• Ameer Nagar: Rs 1,950 per sq.ft (2024)
• Ambedkar Street: Rs 1,950 per sq.ft (2024)
• Aran: Rs 2,700 per sq.ft (2024)
• Arasangazhani Odai Street: Rs 2,200 per sq.ft (2024)
• Amaya: Rs 2,600 per sq.ft (2024)
• Agriya Phase 2: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost for stamp duty and registration fees to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Avenue?

The Sub Registrar Office that covers Annai Avenue is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ottiyampakkam. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value may differ from the actual sale price.

When registering a property, the authorities will assess the property based on the guideline value, and the applicable fees will be calculated accordingly. It is essential to ensure that the sale price is in line with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Annai Avenue?

The current guideline value of Annai Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What are the other streets in Ottiyampakkam?

Other streets in Ottiyampakkam include Ameer Nagar, Ambedkar Street, Aran, Arasangazhani Odai Street, Amaya, and Agriya Phase 2, with varying guideline values.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

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

The stamp duty for properties in Annai Avenue is calculated at 7% of the guideline value or the sale price, whichever is higher. Additional registration fees are also applicable.