Guideline Value for Birla Avenue Extension (Anbu Estate)

Birla Avenue Extension (Anbu Estate) guideline value

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

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

The guideline value for Birla Avenue Extension (Anbu Estate) has seen several revisions over the years. The earliest recorded value was Rs 21 per sq.ft in 2002, which increased significantly to Rs 140 per sq.ft in 2003, marking a rise of 567%. By 2007, the value jumped to Rs 500 per sq.ft, reflecting a 257% increase. The 2012 revision saw the value rise to Rs 1,400 per sq.ft, a notable increase of 180%. However, this value decreased by 33% to Rs 938 per sq.ft in 2017. The subsequent revision in 2023 brought the value back up to Rs 1,400 per sq.ft, and the most recent revision in 2024 set it at Rs 1,500 per sq.ft, representing a 7% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by an impressive 7043%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Kathirvedu

In Kathirvedu, there are 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 the median value being Rs 1,500 per sq.ft. The guideline value of Birla Avenue Extension (Anbu Estate) aligns with this median figure.

• Birla Avenue Annex (Anbu Estate): Rs 1,500 per sq.ft (2024)
• Birla Avenue (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 Extension (Anbu Estate)

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value would be Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Birla Avenue Extension (Anbu Estate)?

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

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

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

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for completing 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 Birla Avenue Extension (Anbu Estate)?

The current guideline value of Birla Avenue Extension (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 from Rs 21 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, reflecting an overall increase of 7043% over this period.

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

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

Where can I find the Sub Registrar Office for this area?

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

How is stamp duty calculated for property transactions in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a plot valued at Rs 15,00,000 would incur a stamp duty of Rs 1,05,000 at 7%.