Guideline Value for Annai Avenue

Annai Avenue guideline value

The current guideline value of Annai Avenue is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Perinjampakkam village, under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Annai Avenue has changed

The guideline value for Annai Avenue has seen several revisions over the years. The 2007 revision set the value at Rs 40 per sq.ft, which increased significantly to Rs 150 per sq.ft in the 2012 revision. However, this value decreased to Rs 100 per sq.ft in the 2017 revision, before rising again to Rs 150 per sq.ft in both the 2023 and 2024 revisions. Notably, the register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a 50% increase, while the 2012 to 2017 period saw a decrease of 33%. The remarkable rise from 2007 to 2012 was 275%, and overall, from 2007 to 2024, the guideline value has increased by 275%.

Guideline values in Perinjampakkam

In Perinjampakkam village, 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 among these streets is Rs 150 per sq.ft, which is equal to the current guideline value of Annai Avenue.

• Annai Avenue II: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty, charged at 7%, would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000. Thus, the total cost for these fees would be Rs 13,500. It is important to note that 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?

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

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

The guideline value serves as a benchmark for property transactions in Perinjampakkam, influencing the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Annai Avenue?

The current guideline value of Annai Avenue is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2007 to Rs 150 per sq.ft in 2012, then decreased to Rs 100 per sq.ft in 2017, and returned to Rs 150 per sq.ft in both 2023 and 2024.

What is the median guideline value in Perinjampakkam?

The median guideline value in Perinjampakkam for 2024 is Rs 150 per sq.ft, which is the same as the guideline value for Annai Avenue.

What fees are associated with buying property in Annai Avenue?

When buying property in Annai Avenue, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

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

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