Guideline Value for ANNAI ABIRAMI NAGAR

Annai Abirami Nagar guideline value

The current guideline value of Annai Abirami Nagar is Rs 501 per sq.ft, effective from 1 July 2024. This street is located in Thadaperumbakkam village, under the Ponneri Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Annai Abirami Nagar has changed

The guideline value for Annai Abirami Nagar has seen several revisions over the years. The earliest recorded revision was in 2012, when the value was Rs 200 per sq.ft. This was followed by a decrease to Rs 134 per sq.ft in 2017. The value then increased significantly to Rs 300 per sq.ft in 2023, and further rose to Rs 501 per sq.ft in 2024, marking a 67% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 151%.

There are no recorded figures for the years 2002, 2003, and 2007 for Annai Abirami Nagar. The changes between the revisions are notable, with a 124% increase from 2017 to 2023 and a decrease of 33% from 2012 to 2017.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft, with the median value being Rs 501 per sq.ft. Annai Abirami Nagar's 2024 figure aligns with this median.

• Annamalai Nagar: Rs 600 per sq.ft (2024)
• Ali Nagar: Rs 1,500 per sq.ft (2024)
• Arumuga Mudaliar Nagar: Rs 500 per sq.ft (2024)
• Arumuga Mudhaliyar Nagar: Rs 500 per sq.ft (2024)
• A.G.M. Green Garden: Rs 501 per sq.ft (2024)
• Aarumuga Mudaliyar Nagar Extention: Rs 600 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 501 per sq.ft, the total guideline value amounts to Rs 5,01,000. The stamp duty at 7% would be Rs 35,070, and the registration fee at 2% would be Rs 10,020, totaling Rs 45,090. It is important to note that the duty is charged on the higher of the guideline value and 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 Thadaperumbakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Thadaperumbakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to determine the stamp duty and registration fees payable, which helps maintain 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 501 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 501 per sq.ft in 2024, reflecting an overall increase of 151% over this period.

What is the land classification of Annai Abirami Nagar?

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

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.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 5,01,000, the stamp duty would be Rs 35,070 at a rate of 7%.