Guideline Value for ANTONY AVENUE

Antony Avenue guideline value

The current guideline value of Antony Avenue in Pusivakkam village is Rs 100 per sq.ft, effective from 1 July 2024. This property falls under the Walajabad Sub Registrar Office and is classified as Residential Class I Type - I.

How the guideline value of Antony Avenue has changed

The guideline value for Antony Avenue has seen various revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft. Subsequently, the 2023 revision brought it back up to Rs 100 per sq.ft, and as of the 2024 revision, it remains at Rs 100 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, when looking at the period from 2012 to 2024, the guideline value has seen no change.

Guideline values in Pusivakkam

In Pusivakkam, there are 22 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 598 per sq.ft, with a median value of Rs 150 per sq.ft. The guideline value of Antony Avenue is below this median.

• Annai Nagar: Rs 126 per sq.ft (2024)
• Brindavan Garden Phase-I: Rs 150 per sq.ft (2024)
• Ishvariyam Nagar: Rs 126 per sq.ft (2024)
• J.S.Garden: Rs 598 per sq.ft (2024)
• Margo Tree Farm Lout: Rs 100 per sq.ft (2024)
• Royal City Phase-I: Rs 175 per sq.ft (2024)

Stamp duty and registration fee for property in Antony Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty, charged at 7%, would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. Please note that the 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 details.

Which Sub Registrar Office covers Antony Avenue?

The Sub Registrar Office that covers Antony Avenue is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Pusivakkam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling a property.

When a property is registered, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Antony Avenue?

The current guideline value of Antony Avenue is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, and then back to Rs 100 per sq.ft in 2023 and 2024. Overall, there has been no change from 2012 to 2024.

What is the classification of land in Antony Avenue?

Antony Avenue is classified as Residential Class I Type - I, which is a designation for residential properties in the area.

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

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000, and the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are based on the guideline value.

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

The Walajabad Sub Registrar Office covers Antony Avenue and is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.