Guideline Value for Anbu Avenue

Anbu Avenue guideline value

The current guideline value of Anbu Avenue in Pothur village, under the Redhills SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Anbu Avenue has changed

The guideline value of Anbu Avenue has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 190 per sq.ft. It then saw a significant increase to Rs 20 per sq.ft in 2003, followed by a remarkable jump to Rs 200 per sq.ft in 2007. The 2012 revision set the value at Rs 400 per sq.ft, which was a 100% increase from the previous figure. However, this was followed by a decrease to Rs 268 per sq.ft in 2017.

In the 2023 revision, the guideline value increased to Rs 400 per sq.ft, and as of the 2024 revision, it has risen to Rs 440 per sq.ft, marking a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 132%.

Guideline values in Pothur

In Pothur village, there are 98 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 330 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, placing Anbu Avenue's 2024 figure below this median.

• Annai Terasa Nagar: Rs 550 per sq.ft (2024)
• Annai Theresa Nagar Extension: Rs 550 per sq.ft (2024)
• Annai Theresa Nagar Extension - II: Rs 550 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 550 per sq.ft (2024)
• Annai Velankanni Nagar Annex: Rs 550 per sq.ft (2024)
• Annamalai Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Anbu Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total 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, bringing the total charges to 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 the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Anbu Avenue?

The Sub Registrar Office that covers Anbu Avenue is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pothur. It serves as a benchmark for determining the minimum value of the property, which is used to calculate stamp duty and registration fees.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values will be used to determine the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anbu Avenue?

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

How has the guideline value of Anbu Avenue changed over the years?

The guideline value has changed from Rs 190 per sq.ft in 2002 to Rs 440 per sq.ft in 2024, with various increases and decreases in between, including a significant increase of 132% overall.

What is the land classification for Anbu Avenue?

Anbu Avenue is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 4,40,000. The stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which Sub Registrar Office covers Anbu Avenue?

The Redhills Sub Registrar Office covers Anbu Avenue, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.