Guideline Value for ANNAMALAIAR AVENUE

Annamalaiar Avenue guideline value

The current guideline value of Annamalaiar Avenue is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Agaram village under the Thiruporur SRO, classified as Residential Class I Type - I.

How the guideline value of Annamalaiar Avenue has changed

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft, marking a decline of 33%. The value then increased significantly by 49% to Rs 200 per sq.ft in the 2023 revision, which was maintained in the 2024 revision with no change.

For the years 2002, 2003, and 2007, the register has no figure for Annamalaiar Avenue. Overall, from 2012 to 2024, the guideline value has shown no change, remaining at Rs 200 per sq.ft.

Guideline values in Agaram

In Agaram, six streets fall under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 300 per sq.ft, with a median value of Rs 250 per sq.ft. Annamalaiar Avenue's 2024 figure is below this median.

• Lake Town Avenue Extention: Rs 300 per sq.ft (2024)
• Sri Balaji Nagar: Rs 200 per sq.ft (2024)
• Sri Balaji Nagar Phase II: Rs 200 per sq.ft (2024)
• Sri Balaji Nagar Phase III: Rs 300 per sq.ft (2024)
• Vasantham Garden: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Annamalaiar Avenue

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 Annamalaiar Avenue?

The Sub Registrar Office covering Annamalaiar Avenue is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration process of a property in Agaram. It is used to determine the stamp duty and registration fees that are payable upon the sale or purchase of the property.

When buying or selling property, the guideline value is assessed to ensure that the transaction is recorded accurately. This value helps in maintaining transparency and legality in property transactions within the region.

Frequently asked questions

What is the current guideline value of Annamalaiar Avenue?

The current guideline value of Annamalaiar Avenue is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, including a decrease to Rs 134 per sq.ft in 2017 and an increase back to Rs 200 per sq.ft by 2023, which has remained unchanged in 2024.

What is the land classification for Annamalaiar Avenue?

Annamalaiar Avenue is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the other streets in Agaram with guideline values?

Other streets in Agaram include Lake Town Avenue Extention, Sri Balaji Nagar, Sri Balaji Nagar Phase II, Sri Balaji Nagar Phase III, and Vasantham Garden, with values ranging from Rs 200 to Rs 300 per sq.ft in 2024.

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

The Thiruporur Sub Registrar Office, which covers Annamalaiar Avenue, is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.