Guideline Value for Palani Andavar Koil Street

Palani Andavar Koil Street guideline value

The current guideline value of Palani Andavar Koil Street is Rs 4,900 per sq.ft. This street is located in Ayanavaram village, under the AnnaNagar SRO, and falls under the Residential Class I Type - III land classification.

How the guideline value of Palani Andavar Koil Street has changed

The guideline value for Palani Andavar Koil Street has seen several revisions over the years. In 2002, the guideline value was Rs 449 per sq.ft, which increased to Rs 504 per sq.ft in 2003. The value then rose significantly to Rs 1,200 per sq.ft in 2007, followed by a jump to Rs 4,500 per sq.ft in 2012. However, it decreased to Rs 3,015 per sq.ft in 2017. The most recent revisions show an increase to Rs 4,500 per sq.ft in 2023, and further to Rs 4,900 per sq.ft in 2024.

Between the revisions, notable changes include a 9% increase from 2023 to 2024, and a 49% increase from 2017 to 2023. The value decreased by 33% from 2012 to 2017, while it saw a substantial increase of 275% from 2007 to 2012. The value also increased by 138% from 2003 to 2007 and by 12% from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 991%.

Guideline values in Ayanavaram

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, making the total cost for these fees Rs 4,41,000. 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 Palani Andavar Koil Street?

The Sub Registrar Office that covers Palani Andavar Koil Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which may affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Palani Andavar Koil Street?

The current guideline value of Palani Andavar Koil Street 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 changed significantly from Rs 449 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 991% over this period.

What is the registration office for Palani Andavar Koil Street?

The registration office for Palani Andavar Koil Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the same value.

What are the other streets in Ayanavaram with the same guideline value?

Other streets in Ayanavaram with a guideline value of Rs 4,900 per sq.ft include Palani Andavar Koil Ist Lane, Palani Andavar Koil 2nd Lane, Palaniappa Chetty 2nd Lane, Palaniappa Chetty Ist Street, Palaniappa Chetty Street, and palavoyal Road.