Guideline Value for Anandam Avenue

Anandam Avenue guideline value

The current guideline value of Anandam Avenue, located in Kayirambedu village, is Rs 900 per sq.ft. This value is set by the Chengleput Joint II SRO and is classified as Mixed Type - II land.

How the guideline value of Anandam Avenue has changed

The guideline value for Anandam Avenue has seen several revisions over the years. In the 2017 revision, the value was Rs 603 per sq.ft. This figure remained unchanged in the 2023 revision, but in the 2024 revision, it was updated to Rs 900 per sq.ft, reflecting a 49% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions with recorded values are from 2017, 2023, and 2024, with the most recent revision showing no change from the previous year.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Anandam Avenue's 2024 guideline value above this median.

• A.L.S.Puram Part IV: Rs 700 per sq.ft (2024)
• Abd Grand Castle: Rs 2,389 per sq.ft (2024)
• Avp Kanagam Avenue: Rs 1,600 per sq.ft (2024)
• Avp Kanagam Avenue Phase - I: Rs 2,389 per sq.ft (2024)
• Avvai Nagar: Rs 700 per sq.ft (2024)
• Baby Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Anandam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, and the registration fee at 2% would be Rs 18,000, making the total cost for these fees Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anandam Avenue?

The Anandam Avenue falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kayirambedu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the negotiated sale price.

When a property is registered, the guideline value is considered to determine the applicable fees. Buyers and sellers should be aware that the fees are charged based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Anandam Avenue?

The current guideline value of Anandam Avenue is Rs 900 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value increased from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2024, marking a 49% increase. There were no recorded figures for the years 2002, 2003, 2007, and 2012.

What is the land classification for Anandam Avenue?

Anandam Avenue is classified as Mixed Type - II land under the Chengleput Joint II SRO.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in Anandam Avenue is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Anandam Avenue located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.