Guideline Value for ANNA BUILDERS (CHEN)

Anna Builders (Chen) guideline value

The current guideline value for Anna Builders (Chen) is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Sengundram - 1 village under the Chengleput Joint II SRO and is classified as Residential Special Type - III.

How the guideline value of Anna Builders (Chen) has changed

The guideline value for Anna Builders (Chen) has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,000 per sq.ft, and the most recent 2024 revision has further raised it to Rs 1,100 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

In terms of percentage changes, the value increased by 10% from 2023 to 2024, while there was a significant increase of 49% from 2017 to 2023. However, the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sengundram - 1

Sengundram - 1 features a range of guideline values, with 126 streets under the Chengleput Joint II SRO carrying a 2024 figure between Rs 660 and Rs 3,285 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Anna Builders (Chen) above this median.

• Annai Mookambigai Nagar (Chen): Rs 880 per sq.ft (2024)
• Arun Excello Constructions Llp Compact Homes Urmika: Rs 1,100 per sq.ft (2024)
• Athiparasakthi Nagart (Chen): Rs 660 per sq.ft (2024)
• Ats Twin Avenue Phase-I: Rs 660 per sq.ft (2024)
• Ats Twin Avenue Phase-II: Rs 660 per sq.ft (2024)
• Abi Avenue (Chen): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Builders (Chen)

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Builders (Chen)?

The Chengleput Joint II Sub Registrar Office covers Anna Builders (Chen). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value is a crucial factor in the registration process when buying or selling property in Sengundram - 1. It serves as a reference point for determining the stamp duty and registration fees that need to be paid to the authorities.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value for Anna Builders (Chen)?

The current guideline value for Anna Builders (Chen) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Anna Builders (Chen)?

Anna Builders (Chen) is classified as Residential Special Type - III.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated for properties in Anna Builders (Chen)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.