Guideline Value for Anugraha Avenue Extn

Anugraha Avenue Extn guideline value

The current guideline value of Anugraha Avenue Extn is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Thandalam village under the Pammal SRO and is classified as Residential Class I Type - I.

How the guideline value of Anugraha Avenue Extn has changed

The guideline value for Anugraha Avenue Extn has seen several revisions over the years. In 2017, the guideline value was Rs 737 per sq.ft. This increased to Rs 1,100 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,210 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Thandalam

In Thandalam, there are 56 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,210 per sq.ft, which is also the current value for Anugraha Avenue Extn. Below are other streets in Thandalam with their respective guideline values:

• Anugraha Avenue: Rs 1,210 per sq.ft (2024)
• Anna Nagar (ward 6): Rs 1,210 per sq.ft (2024)
• Anna Nagar (ward 5): Rs 1,210 per sq.ft (2024)
• Annai Theresa Nagar: Rs 990 per sq.ft (2024)
• Amman Koil Street: Rs 1,210 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Anugraha Avenue Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, leading to a total cost of Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anugraha Avenue Extn?

Anugraha Avenue Extn falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Thandalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are conducted fairly and transparently.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. 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 Anugraha Avenue Extn?

The current guideline value of Anugraha Avenue Extn is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 1,210 per sq.ft in 2024, which is a total increase of 64% over this period.

What is the classification of Anugraha Avenue Extn?

Anugraha Avenue Extn is classified as Residential Class I Type - I under the guideline value register.

Where can I find the registration office for Anugraha Avenue Extn?

The registration office for Anugraha Avenue Extn is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Anugraha Avenue Extn?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700 at a rate of 7%.