Guideline Value for ANUSUYA AVENUE

Anusuya Avenue guideline value

The current guideline value of Anusuya Avenue is Rs 3,700 per sq.ft, effective from 1 July 2024. This street is located in Vengaivasal village under the Selaiyur SRO and is classified as Commercial Class I Type - I.

How the guideline value of Anusuya Avenue has changed

The guideline value for Anusuya Avenue has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,700 per sq.ft, a 6% increase from the 2023 figure of Rs 3,500 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 2,345 per sq.ft, marking a significant 49% increase to the 2023 figure. The 2012 revision also recorded a value of Rs 3,500 per sq.ft, which was a decrease of 33% from the 2017 figure. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 6%. This indicates some fluctuations in the values over the years, with the most notable changes occurring between 2017 and 2023.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, positioning Anusuya Avenue's 2024 figure above this median.

• Annai Nagar: Rs 1,100 per sq.ft (2024)
• Annai Ahalyaa: Rs 4,000 per sq.ft (2024)
• Anjaneyar Koil Street: Rs 2,700 per sq.ft (2024)
• Anantha Nagar: Rs 2,700 per sq.ft (2024)
• Bajanai Koil Street: Rs 3,700 per sq.ft (2024)
• Balaji Nagar: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Anusuya Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,700 per sq.ft, the total guideline value amounts to Rs 37,00,000. The stamp duty at 7% would be Rs 2,59,000, and the registration fee at 2% would be Rs 74,000, bringing the total cost together to Rs 3,33,000. It's important to note that 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 Anusuya Avenue?

The Sub Registrar Office that covers Anusuya Avenue is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vengaivasal. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Anusuya Avenue?

The current guideline value of Anusuya Avenue is Rs 3,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,700 per sq.ft in 2024. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

What is the land classification of Anusuya Avenue?

Anusuya Avenue is classified as Commercial Class I Type - I according to the local guidelines.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for property in Anusuya Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 37,00,000, the stamp duty at 7% would be Rs 2,59,000.