Guideline Value for ANUSUYA AVENUE

Anusuya Avenue guideline value

The current guideline value of Anusuya Avenue is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Anusuya Avenue has changed

The guideline value for Anusuya Avenue has seen several revisions over the years. In 2007, the guideline value was Rs 2,800 per sq.ft. This figure increased significantly to Rs 8,000 per sq.ft in 2012, marking a 186% rise. However, it then decreased to Rs 5,360 per sq.ft in 2017, reflecting a 33% drop. The value climbed to Rs 8,000 per sq.ft in 2023, and most recently, it has risen to Rs 8,800 per sq.ft in 2024, which is a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 214%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median value for these streets is Rs 5,500 per sq.ft, indicating that Anusuya Avenue's 2024 figure of Rs 8,800 per sq.ft is above this median.

• Anthoni Street: Rs 5,500 per sq.ft (2024)
• Appasamy Street: Rs 5,500 per sq.ft (2024)
• Arasappa Mudali Street: Rs 5,500 per sq.ft (2024)
• Arimuthu Street: Rs 5,500 per sq.ft (2024)
• Arunachalam 1st Lane: Rs 4,900 per sq.ft (2024)
• Arunachalam 2nd Lane: Rs 4,900 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 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would amount to Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total fees to Rs 7,92,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anusuya Avenue?

Anusuya Avenue falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Purasaivakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Anusuya Avenue?

The current guideline value of Anusuya Avenue is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, indicating a significant increase of 214% over the years.

What are the other streets in Purasaivakkam?

Other streets in Purasaivakkam include Anthoni Street, Appasamy Street, Arasappa Mudali Street, Arimuthu Street, Arunachalam 1st Lane, and Arunachalam 2nd Lane, with varying guideline values.

What fees are associated with property transactions on Anusuya Avenue?

For a property on Anusuya Avenue, the stamp duty is 7% of the guideline value, and the registration fee is 2%. Together, these fees can add a significant amount to the overall cost of the transaction.

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

The Sub Registrar Office covering Anusuya Avenue is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. This office handles all registration processes for properties in this area.