Guideline Value for Ananda Vinayagar koil street & 1st, 2nd street

Ananda Vinayagar koil street & 1st, 2nd street guideline value

The current guideline value for Ananda Vinayagar koil street & 1st, 2nd street is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Ayanavaram village under the AnnaNagar SRO, classified as Residential Class II Type - I.

How the guideline value of Ananda Vinayagar koil street & 1st, 2nd street has changed

The guideline value for Ananda Vinayagar koil street & 1st, 2nd street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 1,000 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a 300% rise. However, in 2017, the value dropped to Rs 2,680 per sq.ft, a decrease of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, followed by another increase to the current rate of Rs 4,400 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Notably, 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 340%.

Guideline values in Ayanavaram

Ayanavaram village comprises 369 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing the current guideline value for Ananda Vinayagar koil street & 1st, 2nd street below this median.

• Ananda Vinayakar Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Anandan Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Amman Koil Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Ambedkar Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Anjugam Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Annai Anjugam Nagar, Chennai 82: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ananda Vinayagar koil street & 1st, 2nd street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total fees together to Rs 3,96,000. It is important to 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 information on fees applicable to your property transaction.

Which Sub Registrar Office covers Ananda Vinayagar koil street & 1st, 2nd street?

The Ananda Vinayagar koil street & 1st, 2nd street falls under the jurisdiction of the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). For more details, you can find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it influences the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid complications during registration.

Frequently asked questions

What is the current guideline value for Ananda Vinayagar koil street & 1st, 2nd street?

The current guideline value for Ananda Vinayagar koil street & 1st, 2nd street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024. The most notable changes occurred between 2007 and 2012, and again from 2017 to 2024.

What is the land classification for this street?

Ananda Vinayagar koil street & 1st, 2nd street is classified as Residential Class II Type - I.

Where can I find the registration office for this area?

The registration office covering Ananda Vinayagar koil street & 1st, 2nd street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Ayanavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.