Guideline Value for ANNAI AVENUE

Annai Avenue guideline value

The current guideline value of Annai Avenue in Nanthiambakkam village is Rs 330 per sq.ft, effective from 1 July 2024. This street falls under the Thiruvottiyur SRO and is classified as Residential Special Type - II.

How the guideline value of Annai Avenue has changed

The guideline value for Annai Avenue has seen several revisions over the years. In 2007, the guideline value was Rs 50 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012, marking a 500% rise. However, from 2012 to 2017, the value decreased to Rs 201 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 300 per sq.ft in 2023, before reaching the current figure of Rs 330 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 560%. It is important to note that the register has no figure for Annai Avenue for the years 2002 and 2003.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 770 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, making Annai Avenue's value equal to this median.

• Annai Rathinamani Nagar/Avenue: Rs 330 per sq.ft (2024)
• Anna Nagar: Rs 330 per sq.ft (2024)
• Anand Nagar: Rs 330 per sq.ft (2024)
• Ambal Street: Rs 330 per sq.ft (2024)
• Arulmigu Kongiamman Nagar/Ext: Rs 385 per sq.ft (2024)
• A.K.M. Nagar: Rs 330 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 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Avenue?

The Sub Registrar Office covering Annai Avenue is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Nanthiambakkam. It serves as a reference for determining the value of the property being bought or sold, ensuring that the transaction is recorded at an appropriate value.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures compliance with local regulations and helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Annai Avenue?

The current guideline value of Annai Avenue is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 560% over the years.

What is the land classification for Annai Avenue?

Annai Avenue is classified as Residential Special Type - II under the Thiruvottiyur SRO.

What are the stamp duty and registration fees for properties in Annai Avenue?

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700.

Which office handles property registrations for Annai Avenue?

The Thiruvottiyur Sub Registrar Office handles property registrations for Annai Avenue, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.