Guideline Value for Ananda Vinayakar Street, Chennai 82

Ananda Vinayakar Street, Chennai 82 guideline value

The current guideline value for Ananda Vinayakar Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO with a land classification of Residential Class II Type - I.

How the guideline value of Ananda Vinayakar Street, Chennai 82 has changed

The guideline value for Ananda Vinayakar Street has undergone several revisions over the years. The 2007 revision recorded a value of Rs 1,200 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, this value decreased to Rs 2,680 per sq.ft in the 2017 revision. From 2017 to 2023, the value rose sharply to Rs 4,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 4,400 per sq.ft.

Overall, the guideline value has increased by 267% from 2007 to 2024. Notably, the revisions for the years 2002 and 2003 show no figures for this street in the register.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, 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 Ananda Vinayakar Street's 2024 figure below the median.

• Ananda Vinayagar koil street & 1st, 2nd street: 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 Vinayakar Street, Chennai 82

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ananda Vinayakar Street, Chennai 82?

The Sub Registrar Office that covers Ananda Vinayakar Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Ayanavaram, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration laws and to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value serves as a reference point for the transaction. If the sale price exceeds the guideline value, the duty will be charged on the sale price; otherwise, it will be based on the guideline value.

Frequently asked questions

What is the current guideline value of Ananda Vinayakar Street?

The current guideline value of Ananda Vinayakar Street, Chennai 82 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 from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 267% over the years.

What is the median guideline value in Ayanavaram?

The median guideline value for streets in Ayanavaram is Rs 4,900 per sq.ft, which means Ananda Vinayakar Street's current value is below this median.

What are the stamp duty rates applicable?

The stamp duty for properties in Ananda Vinayakar Street is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2% of the same.

Which office handles property registrations for Ananda Vinayakar Street?

The AnnaNagar Sub Registrar Office is responsible for property registrations for Ananda Vinayakar Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.