Guideline Value for St. Antony"s Avenue

St. Antony"s Avenue guideline value

The current guideline value of St. Antony's Avenue in Pullilyon village, under the Redhills SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of St. Antony"s Avenue has changed

The guideline value for St. Antony's Avenue has undergone several revisions over the years. The earliest recorded figure is from 2003, which was Rs 32 per sq.ft. This increased significantly to Rs 200 per sq.ft in 2007, marking a 525% rise. The value then saw a 100% increase to Rs 400 per sq.ft in 2012, but dropped by 33% to Rs 268 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 400 per sq.ft, before the latest revision in 2024 set it at Rs 440 per sq.ft, reflecting a 10% increase.

Notably, there is no figure available for the year 2002 in the register for this street. The overall increase from 2003 to 2024 is a remarkable 1275%, showcasing the significant changes in guideline values over the years.

Guideline values in Pullilyon

In Pullilyon, there are 77 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 700 per sq.ft. St. Antony's Avenue's 2024 figure is below this median.

• St. Anthony Nagar: Rs 440 per sq.ft (2024)
• Sri Vetrivel Murugan Nagar: Rs 1,560 per sq.ft (2024)
• Subash Nagar Annex I: Rs 550 per sq.ft (2024)
• Sri Thirumalai Nagar: Rs 440 per sq.ft (2024)
• Sri Selva Vinayar Nagar Annex: Rs 550 per sq.ft (2024)
• Sri Selva Vinayagar Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in St. Antony"s Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. 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 St. Antony"s Avenue?

The Sub Registrar Office that covers St. Antony's Avenue is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Pullilyon. It is used to determine the stamp duty and registration fees that must be paid when transferring property ownership.

When a buyer or seller engages in a transaction, the guideline value is assessed to ensure that the correct fees are applied based on the established rates. This process helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value for St. Antony's Avenue?

The current guideline value for St. Antony's Avenue is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 32 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 1275% over the years.

What is the registration office for St. Antony's Avenue?

The registration office for St. Antony's Avenue is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the stamp duty and registration fees for a property in St. Antony's Avenue?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600.

How is the guideline value determined for properties in Pullilyon?

The guideline value is determined based on revisions made by the Registration Department and reflects the market conditions and land classification in the area.