Guideline Value for ANNAI ABIRAMI NAGAR

Annai Abirami Nagar guideline value

The current guideline value of Annai Abirami Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This locality is situated in Naalur 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 2012 revision set the value at Rs 300 per sq.ft, which increased to Rs 268 per sq.ft in 2017. Following this, the value remained unchanged at Rs 400 per sq.ft in both the 2023 and 2024 revisions, resulting in a 49% increase from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 33%.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The 2024 revision marks a significant point as it aligns with the median value of Rs 400 per sq.ft for other streets in Naalur under the Ponneri SRO.

Guideline values in Naalur

In Naalur, there are 23 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 600 per sq.ft, with the median being Rs 400 per sq.ft. Annai Abirami Nagar's 2024 figure is equal to this median.

• A.M.R.Nagar: Rs 400 per sq.ft (2024)
• Adiyammapuram: Rs 500 per sq.ft (2024)
• Bharathi Nagar: Rs 400 per sq.ft (2024)
• Green Peace: Rs 400 per sq.ft (2024)
• Indhuja Nagar: Rs 500 per sq.ft (2024)
• Jain Nagar: Rs 500 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 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use our 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 more details on how to find your SRO.

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

The guideline value is a crucial factor in the registration process for property transactions in Naalur. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these charges are calculated based on the official value set by the Registration Department.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall costs involved in the transaction. Buyers should take this into consideration when negotiating sale prices, as the guideline value can influence potential costs and obligations during the registration process.

Frequently asked questions

What is the current guideline value of Annai Abirami Nagar?

The current guideline value of Annai Abirami Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since the 2023 revision, with a notable increase from Rs 268 per sq.ft in 2017. The overall change from 2012 to 2024 is an increase of 33%.

What is the land classification of Annai Abirami Nagar?

Annai Abirami Nagar is classified as Residential Class II Type - I, which indicates its suitability for residential development.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles registrations for properties in Annai Abirami Nagar.

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

The stamp duty rate for properties in Annai Abirami Nagar is 7% of the guideline value or the sale price, whichever is higher. This is calculated alongside a registration fee of 2%.