Guideline Value for Anna Avenue

Anna Avenue guideline value

The current guideline value of Anna Avenue is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Ist Division village under the Kanchipuram Joint IV SRO and is classified as Residential Class II Type - I.

How the guideline value of Anna Avenue has changed

The guideline value for Anna Avenue has seen several revisions over the years. In 2007, the guideline value was Rs 250 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012, reflecting a rise of 220%. However, in 2017, the value decreased to Rs 536 per sq.ft, marking a decline of 33%. The value then rose to Rs 800 per sq.ft in 2023, before reaching the current value of Rs 880 per sq.ft in the 2024 revision, indicating a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 252%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ist Division

In Ist Division, there are 79 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, which is the same as the guideline value for Anna Avenue.

• Amudhapadi Street: Rs 1,100 per sq.ft (2024)
• Amudapadi Back Street: Rs 1,100 per sq.ft (2024)
• Anuman Nagar: Rs 880 per sq.ft (2024)
• Amankara Street: Rs 880 per sq.ft (2024)
• Arignaar Anna Nagar: Rs 880 per sq.ft (2024)
• Asthakiri Street: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Anna Avenue?

The Sub Registrar Office that covers Anna Avenue is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions, as it determines the amount of stamp duty and registration fees payable during the registration process. When buying or selling property in Ist Division, the guideline value is used to assess the official value of the property, ensuring that the appropriate fees are calculated based on this value.

It is important for buyers and sellers to be aware of the guideline value, as it directly impacts the overall costs involved in property transactions. Understanding how the guideline value is determined and revised can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Anna Avenue?

The current guideline value of Anna Avenue is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 252% over the years.

What is the land classification for Anna Avenue?

Anna Avenue is classified as Residential Class II Type - I under the Kanchipuram Joint IV SRO.

Where can I find the Sub Registrar Office for Anna Avenue?

The Sub Registrar Office for Anna Avenue is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Anna Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 61,600.