Guideline Value for ANNAI ABIRAMI NAGAR

Annai Abirami Nagar guideline value

The current guideline value for Annai Abirami Nagar, located in Kolathuvancheri village, is Rs 1,650 per sq.ft. This value is effective from 1 July 2024 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 has changed

The guideline value for Annai Abirami Nagar has undergone several revisions over the years. The earliest recorded value was Rs 500 per sq.ft in 2007. This figure increased significantly to Rs 1,500 per sq.ft in 2012, marking a 200% rise. However, it then decreased to Rs 1,005 per sq.ft in 2017, representing a decline of 33%. The value saw a substantial increase to Rs 1,500 per sq.ft in 2023, followed by another increase to Rs 1,650 per sq.ft in 2024, reflecting a 10% rise.

In summary, the guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, an overall increase of 230%. The revisions for the years 2002 and 2003 do not have a recorded figure for this street.

Guideline values in Kolathuvancheri

In Kolathuvancheri, there are a total of 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 guideline value is Rs 1,650 per sq.ft, which is equal to the current value for Annai Abirami Nagar.

• Annai Abirami Nagar 1st Street: Rs 1,650 per sq.ft (2024)
• Annai Abirami Nagar 2nd Street: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that 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 details.

Which Sub Registrar Office covers Annai Abirami Nagar?

The Sub Registrar Office that covers Annai Abirami Nagar 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 property transactions in Kolathuvancheri. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is set by the registration department and is updated periodically based on various factors.

When selling a property, the guideline value ensures that the sale price is aligned with the assessed value of the property. This helps in maintaining transparency in property transactions and ensures that the government receives the appropriate taxes from property sales.

Frequently asked questions

What is the current guideline value for Annai Abirami Nagar?

The current guideline value for Annai Abirami Nagar 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 500 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, with various revisions occurring in between.

What is the land classification for Annai Abirami Nagar?

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

Where can I find the registration office for Annai Abirami Nagar?

The registration office for Annai Abirami Nagar 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.

How is stamp duty calculated for property in Annai Abirami Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current rate, the total guideline value would be Rs 16,50,000, leading to a stamp duty of Rs 1,15,500.