Guideline Value for ANNAMALAI AVENUE

Annamalai Avenue guideline value

The current guideline value of Annamalai Avenue, located in Thundalam village, is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class I Type - II.

How the guideline value of Annamalai Avenue has changed

The guideline value for Annamalai Avenue has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, an increase from Rs 3,000 per sq.ft in the 2023 revision, marking a change of +10%. Previous revisions for this street in 2017, 2012, 2007, 2003, and 2002 have no figures recorded in the register.

In summary, the guideline value has increased from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024. This change reflects the latest assessment of property values in the area.

Guideline values in Thundalam

In Thundalam, there are 97 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,870 per sq.ft, placing Annamalai Avenue's 2024 figure above this median.

• Anna Nagar Ambedkar Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Anna Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Bharahtiyar Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Desigan Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Doss 1st Cross Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Doss 1st Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Annamalai Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annamalai Avenue?

Annamalai Avenue is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thundalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Annamalai Avenue?

The current guideline value of Annamalai Avenue is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

Recently, the guideline value increased from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, reflecting a change of +10%.

What is the land classification for Annamalai Avenue?

Annamalai Avenue is classified as Residential Class I Type - II under the Chennai South Joint I SRO.

What are the stamp duty and registration fees for property in Annamalai Avenue?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where can I find the Sub Registrar Office for Annamalai Avenue?

The Sub Registrar Office covering Annamalai Avenue is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.