Guideline Value for Birla Avenue (Anbu Estate)

Birla Avenue (Anbu Estate) guideline value

The current guideline value of Birla Avenue (Anbu Estate) in Kathirvedu village is Rs 1,500 per sq.ft, effective from 1 July 2024. This area falls under the Ambattur SRO and is classified as Residential Class II Type - II.

How the guideline value of Birla Avenue (Anbu Estate) has changed

The guideline value for Birla Avenue (Anbu Estate) has seen several revisions over the years. In the 2003 revision, the value was Rs 140 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2007. The 2012 revision saw a further increase to Rs 1,400 per sq.ft, but this dropped to Rs 938 per sq.ft in 2017. The value then rose to Rs 1,400 per sq.ft in 2023, before reaching the current value of Rs 1,500 per sq.ft in 2024. The register has no figure for this street in 2002.

From 2017 to 2023, the guideline value increased by 49%. However, there was a decrease of 33% from 2012 to 2017. The value surged by 180% from 2007 to 2012 and saw a remarkable increase of 257% from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has increased by 971%.

Guideline values in Kathirvedu

Kathirvedu features 78 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,500 per sq.ft. The guideline value of Birla Avenue (Anbu Estate) is equal to this median.

• Birla Avenue Annex (Anbu Estate): Rs 1,500 per sq.ft (2024)
• Birla Avenue Extension (Anbu Estate): Rs 1,500 per sq.ft (2024)
• Bhavya Avenue: Rs 1,500 per sq.ft (2024)
• Bharathiyar Street: Rs 1,300 per sq.ft (2024)
• Brittania Nagar: Rs 1,400 per sq.ft (2024)
• Cannan Habitat: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Birla Avenue (Anbu Estate)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making the total cost Rs 1,35,000. 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 Birla Avenue (Anbu Estate)?

The Sub Registrar Office that covers Birla Avenue (Anbu Estate) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kathirvedu, as it serves as a benchmark for determining the stamp duty and registration fees. When a property is bought or sold, the guideline value is used to calculate these costs, ensuring that they are based on an official valuation.

During registration, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Birla Avenue (Anbu Estate)?

The current guideline value of Birla Avenue (Anbu Estate) is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 140 per sq.ft in 2003 to Rs 1,500 per sq.ft in 2024, with various revisions in between.

What is the land classification for Birla Avenue (Anbu Estate)?

Birla Avenue (Anbu Estate) is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for Birla Avenue (Anbu Estate)?

The Sub Registrar Office for Birla Avenue (Anbu Estate) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

How is the stamp duty calculated for properties in Birla Avenue (Anbu Estate)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,05,000 at the current guideline value.