Guideline Value for ANVITHA REDDY AVENUE

Anvitha Reddy Avenue guideline value

The current guideline value of Anvitha Reddy Avenue is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Minjur village under the Ponneri SRO and is classified as Residential Class III Type - I.

How the guideline value of Anvitha Reddy Avenue has changed

Historically, the guideline value for Anvitha Reddy Avenue has seen several revisions. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 400 per sq.ft, which increased to Rs 440 per sq.ft in the 2024 revision, marking a change of +10%.

With the 2024 revision, Anvitha Reddy Avenue's guideline value is now Rs 440 per sq.ft, which is the latest figure available. The previous revision in 2023 was Rs 400 per sq.ft, indicating a positive adjustment in the guideline value.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that have a 2024 guideline value ranging from Rs 440 to Rs 1,320 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value of Anvitha Reddy Avenue is below this median.

• Anna Street: Rs 550 per sq.ft (2024)
• Aravind Nagar: Rs 440 per sq.ft (2024)
• Annai Street: Rs 440 per sq.ft (2024)
• Annai Abhirami Nagar: Rs 440 per sq.ft (2024)
• Athippattu Railway Station Road: Rs 550 per sq.ft (2024)
• Andal Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Anvitha Reddy Avenue

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anvitha Reddy Avenue?

Anvitha Reddy Avenue falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Minjur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anvitha Reddy Avenue?

The current guideline value of Anvitha Reddy Avenue is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Anvitha Reddy Avenue was Rs 400 per sq.ft in 2023 and increased to Rs 440 per sq.ft in 2024, showing a change of +10%.

What is the classification of Anvitha Reddy Avenue?

Anvitha Reddy Avenue is classified as Residential Class III Type - I under the Ponneri SRO.

Which office handles the registration for Anvitha Reddy Avenue?

The registration for Anvitha Reddy Avenue is handled by the Ponneri Sub Registrar Office located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for properties in Anvitha Reddy Avenue?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 440 per sq.ft would incur a stamp duty of Rs 30,800.