Guideline Value for Anthoniyar Avenue

Anthoniyar Avenue guideline value

The current guideline value of Anthoniyar Avenue is Rs 605 per sq.ft, effective from 1 July 2024. This street is located in Molachoor village under the Sunguvarchattram SRO and falls under the Residential Class III Type - I land classification.

How the guideline value of Anthoniyar Avenue has changed

The guideline value of Anthoniyar Avenue has seen several revisions over the years. In 2012, the guideline value was Rs 400 per sq.ft, which increased to Rs 402 per sq.ft in 2017. This was a modest increase of 1%. The next revision in 2023 saw a significant jump to Rs 600 per sq.ft, marking a 49% increase from the 2017 figure. The most recent revision in 2024 set the guideline value at Rs 605 per sq.ft, reflecting a 1% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 51%.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 300 to Rs 2,000 per sq.ft. The median guideline value in the village is Rs 600 per sq.ft, placing Anthoniyar Avenue's 2024 figure above that median.

• Anthaiyya Naidu Street: Rs 450 per sq.ft (2024)
• Anthaiya Nagar: Rs 605 per sq.ft (2024)
• Arizhnar Anna Street: Rs 600 per sq.ft (2024)
• Annai Velanganni Nagar: Rs 300 per sq.ft (2024)
• Annai Sivakami Street: Rs 300 per sq.ft (2024)
• Annai Santhiya Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Anthoniyar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 605 per sq.ft, the total guideline value would be Rs 6,05,000. The stamp duty, charged at 7%, would amount to Rs 42,350, while the registration fee at 2% would be Rs 12,100, bringing the total fees to Rs 54,450. 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 Anthoniyar Avenue?

Anthoniyar Avenue is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Molachoor. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. 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 compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Anthoniyar Avenue?

The current guideline value of Anthoniyar Avenue is Rs 605 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 400 per sq.ft in 2012 to Rs 605 per sq.ft in 2024, reflecting an overall increase of 51% over this period.

What are the other streets in Molachoor with their guideline values?

Other streets in Molachoor include Anthaiyya Naidu Street at Rs 450 per sq.ft, Anthaiya Nagar at Rs 605 per sq.ft, and Arizhnar Anna Street at Rs 600 per sq.ft, among others.

What is the stamp duty rate for properties in Anthoniyar Avenue?

The stamp duty rate for properties in Anthoniyar Avenue is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office covering Anthoniyar Avenue is the Sunguvarchattram SRO, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.