Guideline Value for Anu Sakthi Avenue

Anu Sakthi Avenue guideline value

The current guideline value of Anu Sakthi Avenue in Madambakkam village is Rs 1,200 per sq.ft, effective from 1 July 2024. This street falls under the Gooduvancheri SRO and is classified as Commercial Special Type - I.

How the guideline value of Anu Sakthi Avenue has changed

The guideline value for Anu Sakthi Avenue has undergone several revisions over the years. The 2007 revision set the rate at Rs 245 per sq.ft, which saw a significant increase to Rs 1,200 per sq.ft in the 2012 revision. However, this rate decreased by 33% to Rs 804 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 1,200 per sq.ft, and the same rate continues into the 2024 revision, reflecting no change from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 390%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Madambakkam

In Madambakkam, there are 110 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,200 per sq.ft, which is equal to the guideline value of Anu Sakthi Avenue.

• Anthony Pillai Nagar Extn-I,II,III,IV,V,VI: Rs 1,200 per sq.ft (2024)
• Anthony Pillai Nagar: Rs 1,200 per sq.ft (2024)
• Athiparasakthi Nagar: Rs 1,200 per sq.ft (2024)
• A.V.N. Street - A.V.N.Nagar: Rs 1,300 per sq.ft (2024)
• Babu Avenue: Rs 1,300 per sq.ft (2024)
• Baby Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Anu Sakthi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, while the registration fee at 2% would be Rs 24,000, bringing the total cost for these fees to Rs 1,08,000. 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 further calculations.

Which Sub Registrar Office covers Anu Sakthi Avenue?

The Sub Registrar Office that covers Anu Sakthi Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value as per government standards.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of ownership. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Anu Sakthi Avenue?

The current guideline value of Anu Sakthi Avenue is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 245 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, decreased to Rs 804 per sq.ft in 2017, and remained at Rs 1,200 per sq.ft in both 2023 and 2024.

What is the land classification of Anu Sakthi Avenue?

Anu Sakthi Avenue is classified as Commercial Special Type - I.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Anu Sakthi Avenue?

The stamp duty for properties in Anu Sakthi Avenue is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 12,00,000, the stamp duty would be Rs 84,000 at a rate of 7%.