Guideline Value for Annamalai Avenue Extention

Annamalai Avenue Extention guideline value

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

How the guideline value of Annamalai Avenue Extention has changed

The guideline value for Annamalai Avenue Extention has seen significant revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 2,680 per sq.ft. This increased to Rs 4,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision set the guideline value at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 5. Athipattu

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

• Annamalai Avenue ( A.N.A. Avenue): 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)
• Athiamaan Street(Chelliamman nagar): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Annamalai Avenue Extention

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 amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annamalai Avenue Extention?

Annamalai Avenue Extention falls under 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 is used to determine the stamp duty and registration fees that must be paid at the time of registration.

Buyers and sellers should be aware that the guideline value is set by the government and may differ from the actual sale price of the property. This value is essential for ensuring that the correct fees are paid during the registration process.

Frequently asked questions

What is the current guideline value of Annamalai Avenue Extention?

The current guideline value of Annamalai Avenue Extention 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, marking an overall increase of 64% over these years.

What are the other streets in 5. Athipattu with their guideline values?

Other streets in 5. Athipattu include Annamalai Avenue (A.N.A. Avenue) at Rs 4,400 per sq.ft, Annai Therasa Street at Rs 2,200 per sq.ft, and Anna Street at Rs 1,100 per sq.ft, among others.

What are the registration fees for property in Annamalai Avenue Extention?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles the registration for Annamalai Avenue Extention?

The registration for Annamalai Avenue Extention is handled by the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.