Guideline Value for ANNAMALAI AVENUE

Annamalai Avenue guideline value

The current guideline value of Annamalai Avenue, located in Moulivakkam village under the Kunrathur SRO, is Rs 3,000 per sq.ft, effective from 1 July 2024. This street falls under the Commercial Class I Type - I land classification.

How the guideline value of Annamalai Avenue has changed

The guideline value for Annamalai Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 2,700 per sq.ft, which was then reduced to Rs 1,809 per sq.ft in the 2017 revision. In 2023, the value increased to Rs 2,700 per sq.ft, and the most recent revision in 2024 raised it further to Rs 3,000 per sq.ft, marking an increase of 11% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Moulivakkam

In Moulivakkam, there are 44 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,000 to Rs 3,900 per sq.ft, with a median value of Rs 2,450 per sq.ft. The guideline value for Annamalai Avenue is above this median.

• Bajanai koil Street: Rs 2,450 per sq.ft (2024)
• Bharathiyar Nagar: Rs 2,450 per sq.ft (2024)
• Chandramouleeswarar Nagar: Rs 2,450 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 2,450 per sq.ft (2024)
• Dhanalakshmi Nagar Extension: Rs 2,450 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 2,450 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 3,000 per sq.ft, the total guideline value would be Rs 30,00,000. The stamp duty at 7% would amount to Rs 2,10,000, and the registration fee at 2% would be Rs 60,000, bringing the total to Rs 2,70,000. 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?

The Sub Registrar Office that covers Annamalai Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Moulivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to assess the financial obligations of the buyer, ensuring that the appropriate fees are collected based on the established rates. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Annamalai Avenue?

The current guideline value of Annamalai Avenue is Rs 3,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,700 per sq.ft in 2012 to Rs 1,809 per sq.ft in 2017, then back to Rs 2,700 per sq.ft in 2023, and finally to Rs 3,000 per sq.ft in 2024.

What is the land classification for Annamalai Avenue?

Annamalai Avenue is classified as Commercial Class I Type - I, which indicates its suitability for commercial activities.

What are the guideline values of other streets in Moulivakkam?

Other streets in Moulivakkam have a 2024 guideline value of Rs 2,450 per sq.ft, which is below the value of Annamalai Avenue. These streets include Bajanai koil Street, Bharathiyar Nagar, Chandramouleeswarar Nagar, Dhanalakshmi Nagar, Dhanalakshmi Nagar Extension, and Gangai Amman Koil Street.

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

The Sub Registrar Office for Annamalai Avenue is located at No.59, Road Street, Kundrathur, Chennai -600 069. It is advisable to check the local office for any specific inquiries related to property registration.