Guideline Value for ANNAI ABIRAMI NAGAR

Annai Abirami Nagar guideline value

The current guideline value of Annai Abirami Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Devathanam village, under the Ponneri SRO, and is classified as Residential Class II 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 most recent revision in 2024 set the value at Rs 100 per sq.ft, which remains unchanged from the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 67 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The 2012 revision also set the value at Rs 100 per sq.ft, indicating a decrease of 33% from 2012 to 2017. Overall, the guideline value has remained at Rs 100 per sq.ft from 2012 to 2024.

The register has no figures for the years 2002, 2003, and 2007 for this street. The absence of data for these years indicates that the guideline value was not recorded during those revisions.

Guideline values in Devathanam

In Devathanam, there are 23 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 111 per sq.ft, with a median value of Rs 100 per sq.ft. The guideline value for Annai Abirami Nagar aligns with this median.

• Annai Avenue Ext-II: Rs 100 per sq.ft (2024)
• Dheepam Nagar: Rs 100 per sq.ft (2024)
• Dr.M.G.R.NAGAR PHASE-III,IV: Rs 100 per sq.ft (2024)
• Gandhi Nagar: Rs 100 per sq.ft (2024)
• Green City: Rs 100 per sq.ft (2024)
• Imayam Nagar: Rs 111 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 rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Abirami Nagar?

The Sub Registrar Office that covers Annai Abirami Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Devathanam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to assess the fees, ensuring that they are based on an established value rather than the negotiated sale price. This helps maintain consistency and transparency in property transactions.

Frequently asked questions

What is the current guideline value of Annai Abirami Nagar?

The current guideline value of Annai Abirami Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft from 2012 to 2024, with a notable increase from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023. The 2012 revision also recorded a value of Rs 100 per sq.ft.

What are the other streets in Devathanam with their guideline values?

Other streets in Devathanam include Annai Avenue Ext-II, Dheepam Nagar, Dr.M.G.R.NAGAR PHASE-III,IV, Gandhi Nagar, Green City, and Imayam Nagar, with values ranging from Rs 100 to Rs 111 per sq.ft in 2024.

What is the stamp duty rate for property in Annai Abirami Nagar?

The stamp duty rate for property in Annai Abirami Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Annai Abirami Nagar?

The Sub Registrar Office for Annai Abirami Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information about your SRO online.