Guideline Value for Punitha Antoniyar Street, Chennai 82

Punitha Antoniyar Street, Chennai 82 guideline value

The current guideline value of Punitha Antoniyar Street, Chennai 82 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 Punitha Antoniyar Street, Chennai 82 has changed

The guideline value for Punitha Antoniyar Street has seen several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, there was a decrease to Rs 3,015 per sq.ft in 2017. Following this, the value rose to Rs 4,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 4,900 per sq.ft. It is important to note that there are no figures available for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 reflects a 9% increase. Overall, from 2007 to 2024, the guideline value has risen by 308%, indicating a substantial change over these years.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO that carry a guideline value for 2024, 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 is the same as the current value for Punitha Antoniyar Street.

• Punitha Sagaya Madha Street, 27th Street, G.K.M.Colony: Rs 4,400 per sq.ft (2024)
• Puthu Nagar (New nagar)2nd Street & 3 Street: Rs 4,900 per sq.ft (2024)
• Puthu Nagar (New nagar)Ist Street: Rs 4,900 per sq.ft (2024)
• Railway Colony: Rs 4,400 per sq.ft (2024)
• Poosanam Street: Rs 4,900 per sq.ft (2024)
• Raja BoothStreet, Chennai 82: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Punitha Antoniyar Street, Chennai 82

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total 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, bringing the total fees together to 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.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Punitha Antoniyar Street, Chennai 82?

The Sub Registrar Office covering Punitha Antoniyar 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 in the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Punitha Antoniyar Street?

The current guideline value of Punitha Antoniyar Street, Chennai 82 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 from Rs 1,200 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 308% over the years.

What is the land classification of Punitha Antoniyar Street?

The land classification for Punitha Antoniyar Street is Residential Class I Type - III.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 4,41,000.

Which office handles registrations for Punitha Antoniyar Street?

The AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, handles registrations for Punitha Antoniyar Street.