Guideline Value for Annai Avenue

Annai Avenue guideline value

The current guideline value of Annai Avenue in Sriperumbudur A village is Rs 700 per sq.ft, effective from 1 July 2024. This property falls under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Annai Avenue has changed

The guideline value of Annai Avenue has undergone several revisions over the years. The most recent revision in 2024 maintains the value at Rs 700 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 469 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

For the years 2012, 2007, 2003, and 2002, the register has no figure for this street. Therefore, the only available figures are from the revisions in 2017, 2023, and 2024.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which is equal to the current guideline value of Annai Avenue.

• Annai Indra Ganthi Nagar: Rs 400 per sq.ft (2024)
• Annai Indra Royal city: Rs 1,000 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 700 per sq.ft (2024)
• Annai Velankanni Nagar(SF No.1032): Rs 1,200 per sq.ft (2024)
• Anna Nagar: Rs 700 per sq.ft (2024)
• Ammbal Nagar: Rs 700 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 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions based on established values.

Frequently asked questions

What is the current guideline value of Annai Avenue?

The current guideline value of Annai Avenue is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2023 to 2024, while it increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, marking a 49% increase over that period.

What is the land classification for Annai Avenue?

Annai Avenue is classified under Residential Class III Type - I, indicating its designation for residential purposes.

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

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

How is the 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, for a plot of 1,000 sq.ft at the current guideline value, the total guideline value would be Rs 7,00,000, with stamp duty and registration fees calculated accordingly.