Guideline Value for Anand Avenue

Anand Avenue guideline value

The current guideline value of Anand Avenue in Perungalathur village under the Padappai SRO is Rs 2,970 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - II.

How the guideline value of Anand Avenue has changed

The guideline value for Anand Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 2,700 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,809 per sq.ft. The value then increased significantly to Rs 2,700 per sq.ft in 2023, marking a 49% rise from the 2017 figure. As of the 2024 revision, the guideline value stands at Rs 2,970 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for Anand Avenue in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, placing Anand Avenue's 2024 figure above this median.

• Amman Koil Street: Rs 1,650 per sq.ft (2024)
• Ambedkar Street: Rs 1,650 per sq.ft (2024)
• Ambedkar First Street: Rs 1,650 per sq.ft (2024)
• Anjukam Street: Rs 2,310 per sq.ft (2024)
• A.N.Nagar - Annam Street: Rs 3,960 per sq.ft (2024)
• Albin Nagar: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Anand Avenue

For a 1,000 sq.ft plot at the current rate of Rs 2,970 per sq.ft, the guideline value amounts to Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, totaling Rs 2,67,300. 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 Anand Avenue?

The Sub Registrar Office that covers Anand Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Perungalathur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property.

When selling property, the guideline value is also referenced to ensure that the sale price is in compliance with local regulations. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Anand Avenue?

The current guideline value of Anand Avenue is Rs 2,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,700 per sq.ft in 2012 to Rs 2,970 per sq.ft in 2024, with notable increases in 2023 and 2024 revisions.

What is the land classification of Anand Avenue?

Anand Avenue is classified as Commercial Class I Type - II, indicating its commercial use and potential.

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

For a property valued at Rs 29,70,000, the stamp duty would be Rs 2,07,900 and the registration fee would be Rs 59,400, totaling Rs 2,67,300.

Which office handles property registrations for Anand Avenue?

The Padappai Sub Registrar Office is responsible for property registrations in Anand Avenue, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301.