Guideline Value for Annai Avenue II

Annai Avenue II guideline value

The current guideline value of Annai Avenue II in Perinjampakkam village is Rs 150 per sq.ft, effective from the 2024 revision. This property falls under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Annai Avenue II has changed

Over the years, the guideline value of Annai Avenue II has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2023 revision. The 2017 revision recorded a lower value of Rs 100 per sq.ft, marking a decrease of 33% from the previous figure. Between 2017 and 2023, the value increased by 50%, returning to Rs 150 per sq.ft.

The current guideline value of Rs 150 per sq.ft is consistent with the 2023 revision, showing no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perinjampakkam

In Perinjampakkam, there are 18 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median value is Rs 150 per sq.ft, placing Annai Avenue II at this median level.

• Annai Avenue: Rs 150 per sq.ft (2024)
• Ambedhkar Nagar 3rd Street: Rs 100 per sq.ft (2024)
• Ambedhkar Nagar 2nd Street: Rs 100 per sq.ft (2024)
• Ambedhkar Nagar 1st Street: Rs 100 per sq.ft (2024)
• Ashok Avenue: Rs 200 per sq.ft (2024)
• Agatheswarar Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Avenue II

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, while the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Avenue II?

The Sub Registrar Office that covers Annai Avenue II is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

When buying or selling property in Perinjampakkam, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established guideline value or the sale price, whichever is higher.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the financial aspects of property transactions. Understanding the guideline value helps in making informed decisions and facilitates a smooth registration process.

Frequently asked questions

What is the current guideline value of Annai Avenue II?

The current guideline value of Annai Avenue II is Rs 150 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 150 per sq.ft, unchanged from 2023. The value was Rs 100 per sq.ft in 2017, marking a 50% increase by 2023.

What is the land classification for Annai Avenue II?

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

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Annai Avenue II?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at a guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000, resulting in a stamp duty of Rs 10,500.