Guideline Value for ANNAI MARIYA 2ND AVENUE

Annai Mariya 2nd Avenue guideline value

The current guideline value of Annai Mariya 2nd Avenue is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Annai Mariya 2nd Avenue has changed

The guideline value for Annai Mariya 2nd Avenue has seen several revisions over the years. Starting from Rs 350 per sq.ft in 2007, it increased significantly to Rs 900 per sq.ft in 2012. However, it then decreased to Rs 603 per sq.ft in 2017 before climbing to Rs 900 per sq.ft again in 2023. The latest revision in 2024 has set the value at Rs 950 per sq.ft, reflecting a 6% increase from the previous year.

From 2017 to 2023, the guideline value rose by 49%. The increase from 2007 to 2012 was a notable 157%, but the value then dropped by 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 171%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, making the guideline value for Annai Mariya 2nd Avenue below this median.

• Annai Nagar: Rs 950 per sq.ft (2024)
• Annamalai Nagar 1st St: Rs 950 per sq.ft (2024)
• Annamalai Nagar 2nd St: Rs 950 per sq.ft (2024)
• Annamalai Nagar 3rd Cross St: Rs 950 per sq.ft (2024)
• Annamalai Nagar 4th Cross St: Rs 950 per sq.ft (2024)
• Annamalai Nagar Main Road: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Mariya 2nd Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, while the registration fee at 2% would be Rs 19,000, making the total cost for these fees Rs 85,500. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Annai Mariya 2nd Avenue?

The Sub Registrar Office that covers Annai Mariya 2nd Avenue is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial figure used during property registration in Paruthipattu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, as it is set by the government. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Annai Mariya 2nd Avenue?

The current guideline value of Annai Mariya 2nd Avenue is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2007 to Rs 950 per sq.ft in 2024, reflecting various increases and a decrease in 2017.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 9,50,000, the stamp duty would be Rs 66,500 and the registration fee would be Rs 19,000, totaling Rs 85,500.

Which office handles the registration for Annai Mariya 2nd Avenue?

The Avadi Sub Registrar Office handles the registration for Annai Mariya 2nd Avenue, located in Thandurai Village, Avadi Taluk.

What is the median guideline value for streets in Paruthipattu?

The median guideline value for streets in Paruthipattu is Rs 1,625 per sq.ft, while Annai Mariya 2nd Avenue's value is below this median.