Guideline Value for Anna Avenue

Anna Avenue guideline value

The current guideline value of Anna Avenue in Pallipattu village, under the Adayar SRO, is Rs 9,400 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special 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 2002, the value was Rs 986 per sq.ft, which increased to Rs 1,650 per sq.ft in 2003, marking a change of +67%. The value continued to rise, reaching Rs 2,800 per sq.ft in 2007, an increase of +70%. In 2012, the value was revised to Rs 8,500 per sq.ft, reflecting a significant increase of +204%. However, this figure dropped to Rs 5,695 per sq.ft in 2017, a decrease of -33%. The 2023 revision saw the value rise again to Rs 8,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 9,400 per sq.ft, an increase of +11%.

Overall, from 2002 to 2024, the guideline value has increased by +853%. There are no figures available for the revisions in years other than those mentioned.

Guideline values in Pallipattu

Pallipattu village has 72 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value is Rs 9,400 per sq.ft, which is equal to the guideline value of Anna Avenue.

• Bajanai Koil Street: Rs 3,300 per sq.ft (2024)
• Bakthavachalam Nagar 1st Main Road: Rs 9,400 per sq.ft (2024)
• Bakthavachalam Nagar 1st Street: Rs 9,400 per sq.ft (2024)
• Bakthavachalam Nagar 2nd Street: Rs 9,400 per sq.ft (2024)
• Bakthavachalam Nagar 3rd Street: Rs 9,400 per sq.ft (2024)
• Bakthavachalam Nagar 4th Street: Rs 9,400 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 9,400 per sq.ft, the total guideline value would be Rs 94,00,000. The stamp duty at 7% would amount to Rs 6,58,000, and the registration fee at 2% would be Rs 1,88,000, bringing the total to Rs 8,46,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Anna Avenue?

The Anna Avenue area is covered by the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Pallipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in establishing a fair transaction price, as it reflects the current market conditions in the area. Buyers and sellers should be aware of the guideline value to make informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Anna Avenue?

The current guideline value of Anna Avenue is Rs 9,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 986 per sq.ft in 2002 to Rs 9,400 per sq.ft in 2024, reflecting an overall increase of +853%.

What is the land classification for Anna Avenue?

Anna Avenue is classified as Residential Special Type - I, indicating its suitability for residential development.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 6,58,000.