Guideline Value for ANNABABA NAGAR

Annababa Nagar guideline value

The current guideline value of Annababa Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village, under the jurisdiction of the Kunrathur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Annababa Nagar has changed

Over the years, the guideline value of Annababa Nagar has seen significant changes. The earliest recorded revision for this street is from 2017, where the guideline value was Rs 938 per sq.ft. This figure increased to Rs 1,400 per sq.ft in the 2023 revision, marking a substantial rise of 49% over six years. The most recent revision in 2024 has set the guideline value at Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register does not have figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B village, there are 325 streets under the Kunrathur SRO that carry a guideline value for the year 2024, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, which is equal to the current guideline value of Annababa Nagar.

• Andalukuppam Karai Medu: Rs 1,210 per sq.ft (2024)
• Andalkuppam/Pillaiyar Koil St.,: Rs 1,210 per sq.ft (2024)
• Andalkuppam Mayana Salai: Rs 1,210 per sq.ft (2024)
• Andal Kuppam Main Road: Rs 1,540 per sq.ft (2024)
• Annai Therasa Nagar: Rs 1,760 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Annababa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800. Together, the total cost for these fees would be Rs 1,38,600. 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 Annababa Nagar?

The Sub Registrar Office that covers Annababa Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value plays a crucial role during the registration of property transactions in Kunrathour-B. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is determined by the government and reflects the minimum value at which property can be registered.

When selling property, the guideline value ensures that the sale price is aligned with the government's valuation, helping to prevent undervaluation. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Annababa Nagar?

The current guideline value of Annababa Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 938 per sq.ft to Rs 1,540 per sq.ft in 2024, which is a total increase of 64% over this period.

What are the stamp duty and registration fees for property in Annababa Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 15,40,000. The stamp duty at 7% is Rs 1,07,800, and the registration fee at 2% is Rs 30,800, totaling Rs 1,38,600.

Which office handles property registrations in Annababa Nagar?

The Kunrathur Sub Registrar Office handles property registrations in Annababa Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as the minimum value for registration, ensuring that properties are not undervalued during the sale process.