Guideline Value for ANNAI AVENUE

Annai Avenue guideline value

The current guideline value of Annai Avenue in Ponneri village is Rs 700 per sq.ft, effective from 1 July 2024. This street falls under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Annai Avenue has changed

The guideline value for Annai Avenue has seen significant changes over the years. In the 2023 revision, the value was set at Rs 300 per sq.ft. With the 2024 revision, the guideline value increased to Rs 700 per sq.ft, marking a substantial increase of 133% from the previous year. The register has no figure for this street in the revisions from 2002, 2003, 2007, 2012, and 2017.

To summarize the changes, the 2023 value was Rs 300 per sq.ft, while the 2024 value is Rs 700 per sq.ft. The increase reflects the latest adjustments made by the Registration Department's guideline value register.

Guideline values in Ponneri

Ponneri village has 120 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 201 to Rs 1,200 per sq.ft, with a median value of Rs 700 per sq.ft. Annai Avenue's 2024 guideline value is equal to this median.

• Angamuthu Mudali Street: Rs 900 per sq.ft (2024)
• Angamuthu Mudali St: Rs 1,200 per sq.ft (2024)
• Anandi Salai & Nagar: Rs 700 per sq.ft (2024)
• Anna Street: Rs 700 per sq.ft (2024)
• Anugraha Nagar: Rs 800 per sq.ft (2024)
• Ambedkar Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Avenue

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. 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 Annai Avenue?

The Sub Registrar Office that covers Annai Avenue 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 Ponneri

The guideline value is an essential factor in property transactions in Ponneri. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's assessed value, which is crucial for maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Annai Avenue?

The current guideline value of Annai Avenue is Rs 700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 300 per sq.ft to Rs 700 per sq.ft, which is a change of 133%.

What is the land classification for Annai Avenue?

Annai Avenue is classified as Residential Class II Type - I.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in Annai Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 63,000.