Guideline Value for Annamalai Avenue ( A.N.A. Avenue)

Annamalai Avenue ( A.N.A. Avenue) guideline value

The current guideline value of Annamalai Avenue ( A.N.A. Avenue) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village under the Konnur SRO, classified as Residential Special Type - I.

How the guideline value of Annamalai Avenue ( A.N.A. Avenue) has changed

The guideline value for Annamalai Avenue has seen several revisions over the years. The 2017 revision set the value at Rs 2,680 per sq.ft, which increased to Rs 4,000 per sq.ft in the 2023 revision. The most recent 2024 revision has further raised this value to Rs 4,400 per sq.ft, marking a change of +10% from the previous year. Overall, from 2017 to 2024, the guideline value has increased by +64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was +49%, showcasing a significant rise in the guideline value over these years.

Guideline values in 5. Athipattu

In 5. Athipattu village, there are 119 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft, with a median value of Rs 2,200 per sq.ft. Annamalai Avenue's 2024 figure is above this median.

• Annamalai Avenue Extention: Rs 4,400 per sq.ft (2024)
• Annai Therasa Street: Rs 2,200 per sq.ft (2024)
• Anna Street: Rs 1,100 per sq.ft (2024)
• Arul Migu Sri Magalakshmi Nager: Rs 1,600 per sq.ft (2024)
• Amman Koil Street(Chelliamman nagar): Rs 2,200 per sq.ft (2024)
• Amaravathi Street(ICF): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Annamalai Avenue ( A.N.A. Avenue)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. 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 more details.

Which Sub Registrar Office covers Annamalai Avenue ( A.N.A. Avenue)?

The Sub Registrar Office that covers Annamalai Avenue is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value plays a crucial role in the registration process when buying or selling property in 5. Athipattu. It serves as a basis for calculating the stamp duty and registration fees that are required during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Annamalai Avenue ( A.N.A. Avenue)?

The current guideline value of Annamalai Avenue ( A.N.A. Avenue) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 2,680 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2024, which represents an overall increase of +64% over the seven years.

What are the stamp duty and registration fees for a property in Annamalai Avenue?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Annamalai Avenue?

The Konnur Sub Registrar Office handles registrations for Annamalai Avenue, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Annamalai Avenue?

Annamalai Avenue is classified as Residential Special Type - I under the Konnur SRO.