Guideline Value for ANNAI AVENUE

Annai Avenue guideline value

The current guideline value of Annai Avenue in Serpedu village is Rs 100 per sq.ft, effective from the 2024 revision. This area falls under the Arani_Tiruvallur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Annai Avenue has changed

The guideline value for Annai Avenue has seen several revisions over the years. The earliest recorded value was in 2017, set at Rs 60 per sq.ft. This figure remained unchanged until the 2023 revision, where it was updated to Rs 100 per sq.ft, which was then maintained in the 2024 revision, showing no change from the previous year.

From 2017 to 2023, the guideline value increased by 67%. Overall, from 2017 to 2024, the increase has also been 67%, indicating a consistent valuation since the 2023 revision.

Guideline values in Serpedu

In addition to Annai Avenue, the guideline value for other streets in Serpedu is also set at Rs 100 per sq.ft as of 2024. Below are the other streets in Serpedu under the Arani_Tiruvallur SRO:

• Sri Sandhiya Devi Nagar: Rs 100 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 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees together to Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Avenue?

The Sub Registrar Office that covers Annai Avenue is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for further assistance.

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

When buying or selling property in Serpedu, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is used as a reference point for calculating these fees, ensuring that all transactions are recorded accurately and transparently.

It is important to note that the stamp duty and registration fees are charged based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai Avenue?

The current guideline value of Annai Avenue is Rs 100 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft since the 2023 revision, which increased from Rs 60 per sq.ft in 2017, representing a 67% increase over that period.

What is the registration office for Annai Avenue?

The registration office for Annai Avenue is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.

How is stamp duty calculated for properties in Annai Avenue?

Stamp duty for properties in Annai Avenue is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 7,000 based on the current guideline value.

Are there other streets in Serpedu with the same guideline value?

Yes, other streets in Serpedu, such as Sri Sandhiya Devi Nagar, also have a guideline value of Rs 100 per sq.ft as of 2024.