Guideline Value for Annai Avenue

Annai Avenue guideline value

The current guideline value of Annai Avenue in Rathinamangalam village is Rs 800 per sq.ft, as per the 2023 revision. This street falls under the Gooduvancheri SRO and is classified as Residential Class I Type - I.

How the guideline value of Annai Avenue has changed

Over the years, the guideline value of Annai Avenue has seen several revisions. In the 2007 revision, the value was set at Rs 150 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a remarkable increase of 433%. However, from 2012 to 2017, the value decreased to Rs 536 per sq.ft, reflecting a decline of 33%. The most recent revision in 2023 has restored the guideline value to Rs 800 per sq.ft, representing a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 433%. It is important to note that the register has no figure for this street in the revisions for 2002, 2003, and 2024.

Guideline values in Rathinamangalam

Currently, there are no specific village figures available for Rathinamangalam. Annai Avenue is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Annai Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000. Together, the total cost for these fees would be Rs 72,000. It is essential to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Annai Avenue?

The Sub Registrar Office that covers Annai Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Rathinamangalam. It is used to determine the stamp duty and registration fees applicable on the property transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with the registration requirements.

When a property is sold, the higher of the guideline value and the sale price is considered for calculating the applicable fees. This ensures that the government receives the correct amount of revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Annai Avenue?

The current guideline value of Annai Avenue is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and has returned to Rs 800 per sq.ft in 2023.

What is the registration office for Annai Avenue?

The registration office for Annai Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Annai Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft would incur a stamp duty of Rs 56,000.

Are there any other streets in Rathinamangalam with guideline values?

Currently, there are no other streets in Rathinamangalam listed under the Gooduvancheri SRO, making Annai Avenue the only street mentioned.