Guideline Value for A.N.Nagar - Annam Street

A.N.Nagar - Annam Street guideline value

The current guideline value of A.N.Nagar - Annam Street is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, and is classified as Commercial Class I Type - I.

How the guideline value of A.N.Nagar - Annam Street has changed

The guideline value for A.N.Nagar - Annam Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 3,600 per sq.ft. This figure remained unchanged until the next revision in 2017, when it decreased to Rs 2,412 per sq.ft, marking a decline of 33%. The following revision in 2023 saw the value rise significantly to Rs 3,600 per sq.ft, and the most recent revision in 2024 increased it further to Rs 3,960 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%, bringing the value back to a level comparable to 2012. Overall, from 2012 to 2024, the guideline value has increased by 10%. Please note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. A.N.Nagar - Annam Street's 2024 guideline value is above this median, indicating a higher valuation compared to many other streets in the area.

• Anjukam Street: Rs 2,310 per sq.ft (2024)
• Annai Ramabai Street: Rs 1,980 per sq.ft (2024)
• Annai Therasa II Street: Rs 2,310 per sq.ft (2024)
• Annai Therasa I Street: Rs 2,310 per sq.ft (2024)
• Annai Therasa Nagar and Extn: Rs 2,310 per sq.ft (2024)
• Anand Avenue: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in A.N.Nagar - Annam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value amounts to Rs 39,60,000. The stamp duty is charged at 7%, which would be Rs 2,77,200, and the registration fee at 2% amounts to Rs 79,200. Together, the total cost for stamp duty and registration fee would be Rs 3,56,400. Please note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A.N.Nagar - Annam Street?

The Sub Registrar Office that covers A.N.Nagar - Annam Street 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 information.

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

The guideline value is a crucial factor when buying or selling property in Perungalathur. It serves as the basis for calculating the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations and to understand the financial implications of their transactions.

When a property is registered, the guideline value is used to determine the applicable fees, which can significantly affect the overall cost of the transaction. It is essential for both parties to be aware of the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of A.N.Nagar - Annam Street?

The current guideline value of A.N.Nagar - Annam Street is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,600 per sq.ft in 2023 to Rs 3,960 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,412 per sq.ft in 2017 and Rs 3,600 per sq.ft in 2012.

What is the land classification for A.N.Nagar - Annam Street?

A.N.Nagar - Annam Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Which office handles the registration for A.N.Nagar - Annam Street?

The registration for A.N.Nagar - Annam Street is handled by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in A.N.Nagar - Annam Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 39,60,000, the stamp duty would be Rs 2,77,200.