Guideline Value for ANNAI ABIRAMI NAGAR 2ND STREET

Annai Abirami Nagar 2nd Street guideline value

The current guideline value of Annai Abirami Nagar 2nd Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kolathuvancheri village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Annai Abirami Nagar 2nd Street has changed

Over the years, the guideline value of Annai Abirami Nagar 2nd Street has seen several revisions. In 2012, the guideline value was Rs 1,500 per sq.ft, which remained unchanged until the next revision in 2017, when it decreased to Rs 1,005 per sq.ft. Following this, the value increased to Rs 1,500 per sq.ft in 2023, and then to Rs 1,650 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 1,500 per sq.ft. The overall change from 2012 to 2024 reflects a 10% increase, showing how the guideline value has evolved in recent years.

Guideline values in Kolathuvancheri

In Kolathuvancheri, there are 146 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 4,600 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value of Annai Abirami Nagar 2nd Street.

• Annai Abirami Nagar 1st Street: Rs 1,650 per sq.ft (2024)
• Annai Abirami Nagar: Rs 1,650 per sq.ft (2024)
• Anna Nagar: Rs 1,870 per sq.ft (2024)
• Arunachalam Avenue / Nagar: Rs 1,870 per sq.ft (2024)
• Arun Nagar / Street: Rs 990 per sq.ft (2024)
• Ashok Brindavan: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Abirami Nagar 2nd Street

For a property measuring 1,000 sq.ft at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Annai Abirami Nagar 2nd Street?

The Sub Registrar Office that covers Annai Abirami Nagar 2nd Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kolathuvancheri. It serves as the minimum value for which a property can be registered, ensuring that the transaction is documented at a fair price according to government standards.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Annai Abirami Nagar 2nd Street?

The current guideline value of Annai Abirami Nagar 2nd Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Annai Abirami Nagar 2nd Street?

The land classification for Annai Abirami Nagar 2nd Street is Residential Class III Type - I.

Which Sub Registrar Office is responsible for Annai Abirami Nagar 2nd Street?

The Chennai South Joint I Sub Registrar Office is responsible for Annai Abirami Nagar 2nd Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Kolathuvancheri?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty at 7% would be Rs 1,15,500.