Guideline Value for Haji Anserdeen Avenue

Haji Anserdeen Avenue guideline value

The current guideline value of Haji Anserdeen Avenue is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Padappai village, under the Padappai Sub Registrar Office (SRO). The land classification for this area is Commercial Class I Type - I.

How the guideline value of Haji Anserdeen Avenue has changed

The guideline value for Haji Anserdeen Avenue has seen significant changes over the years. In the 2017 revision, the value was Rs 2,010 per sq.ft. This increased to Rs 3,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 set the value at Rs 3,300 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 Padappai

In Padappai, there are 146 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 830 per sq.ft, placing Haji Anserdeen Avenue's 2024 figure above this median.

• Hagiyar Nagar: Rs 3,300 per sq.ft (2024)
• Hamithiya Nagar: Rs 1,320 per sq.ft (2024)
• Haritha Nagar: Rs 830 per sq.ft (2024)
• Hasan Nagar: Rs 1,320 per sq.ft (2024)
• Hayath Nagar: Rs 830 per sq.ft (2024)
• Green Park Avenue: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Haji Anserdeen Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Haji Anserdeen Avenue?

The Sub Registrar Office that covers Haji Anserdeen Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Padappai. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Haji Anserdeen Avenue?

The current guideline value of Haji Anserdeen Avenue is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 64% during this period.

What are the other streets with guideline values in Padappai?

Other streets in Padappai include Hagiyar Nagar at Rs 3,300 per sq.ft, Hamithiya Nagar at Rs 1,320 per sq.ft, and Haritha Nagar at Rs 830 per sq.ft, among others.

What is the registration fee for property in Haji Anserdeen Avenue?

The registration fee for property in Haji Anserdeen Avenue is calculated based on the guideline value, which is currently Rs 3,300 per sq.ft. For a 1,000 sq.ft plot, the total registration fee would be Rs 66,000 at 2% of the guideline value.

Where can I find the Sub Registrar Office for Haji Anserdeen Avenue?

The Sub Registrar Office for Haji Anserdeen Avenue is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find more details by visiting the appropriate link.