Guideline Value for Anitha Avenue

Anitha Avenue guideline value

The current guideline value of Anitha Avenue is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam SRO, with a land classification of Residential Class II Type - I.

How the guideline value of Anitha Avenue has changed

The guideline value for Anitha Avenue has seen several revisions over the years. In 2002, the guideline value was set at Rs 311 per sq.ft. This increased to Rs 338 per sq.ft in 2003, marking a rise of 9%. The value then experienced significant growth, reaching Rs 900 per sq.ft in 2007, a change of 166%. However, it fell to Rs 2,500 per sq.ft in 2012, a decrease of 33%. The value increased again to Rs 1,675 per sq.ft in 2017, which was a 49% rise from the previous revision. The most recent revision in 2023 set the value at Rs 2,500 per sq.ft, which then increased to Rs 2,700 per sq.ft in 2024, reflecting an 8% increase.

There are no figures available for the revisions in the years not mentioned above regarding Anitha Avenue.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, making the guideline value for Anitha Avenue below this median.

• Anjugam Nagar 10th Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 10th Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 11th Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 11th Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 12th Cross Street: Rs 4,400 per sq.ft (2024)
• Anjugam Nagar 12th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anitha Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anitha Avenue?

Anitha Avenue falls under the jurisdiction of the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Kolathur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Anitha Avenue?

The current guideline value of Anitha Avenue is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 311 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 768% over the years.

What are the other streets in Kolathur with their guideline values?

Other streets in Kolathur include Anjugam Nagar 10th Cross Street, 10th Street, 11th Cross Street, 11th Street, 12th Cross Street, and 12th Street, all valued at Rs 4,400 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Anitha Avenue?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft property, the total cost for these fees would be Rs 2,43,000.

Which office handles the registration for Anitha Avenue?

The Sembiam Sub Registrar Office handles the registration for Anitha Avenue, located at 5, Papermills Road, Sembiam, Chennai - 600011.