Guideline Value for Palani Andavar Koil Ist Lane

Palani Andavar Koil Ist Lane guideline value

The current guideline value of Palani Andavar Koil Ist Lane is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Palani Andavar Koil Ist Lane has changed

In the 2007 revision, the guideline value was Rs 1,200 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in the 2012 revision, marking a rise of 275%. However, in the 2017 revision, the value decreased to Rs 3,015 per sq.ft, reflecting a drop of 33%. The value then increased to Rs 4,500 per sq.ft in the 2023 revision, a rise of 49%, before reaching the current figure of Rs 4,900 per sq.ft in the 2024 revision, which is a 9% increase from the previous year.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 308%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO with a 2024 guideline value ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, which matches the 2024 guideline value for Palani Andavar Koil Ist Lane.

• Palani Andavar Koil 2nd Lane: Rs 4,900 per sq.ft (2024)
• Palani Andavar Koil Street: Rs 4,900 per sq.ft (2024)
• Palaniappa Chetty 2nd Lane: Rs 4,900 per sq.ft (2024)
• Palaniappa Chetty Ist Street: Rs 4,900 per sq.ft (2024)
• Palaniappa Chetty Street: Rs 4,900 per sq.ft (2024)
• palavoyal Road: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Palani Andavar Koil Ist Lane

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Palani Andavar Koil Ist Lane?

The Sub Registrar Office that covers Palani Andavar Koil Ist Lane is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Ayanavaram, as it determines the minimum price at which a property can be registered. Buyers must ensure that the sale price is equal to or greater than the guideline value to avoid any legal issues during the registration process.

When selling a property, the seller should be aware that the guideline value will influence the stamp duty and registration fees. Therefore, understanding the current guideline value is essential for both buyers and sellers to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Palani Andavar Koil Ist Lane?

The current guideline value of Palani Andavar Koil Ist Lane is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 1,200 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 308%.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 49,00,000, the total stamp duty and registration fees would amount to Rs 4,41,000, based on the current guideline value.

Which office handles registrations for this area?

The AnnaNagar Sub Registrar Office handles registrations for Palani Andavar Koil Ist Lane, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Palani Andavar Koil Ist Lane?

The land classification for Palani Andavar Koil Ist Lane is Residential Class I Type - III.