Guideline Value for ANNAI ANANDHA LAYOUT

Annai Anandha Layout guideline value

The current guideline value for Annai Anandha Layout is Rs 770 per sq.ft, effective from 1 July 2024. This layout is located in Panapakkam village under the Padappai SRO, classified as Residential Class I Type - I.

How the guideline value of Annai Anandha Layout has changed

The guideline value for Annai Anandha Layout has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft. This increased significantly to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the current 2024 revision, there has been a substantial increase of 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Panapakkam

In Panapakkam, there are 28 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 990 per sq.ft. The median value is Rs 770 per sq.ft, making the guideline value for Annai Anandha Layout equal to this median.

• Balaji Avenue: Rs 770 per sq.ft (2024)
• Balaji Nagar Extension: Rs 770 per sq.ft (2024)
• Balaji Nagar Part I: Rs 770 per sq.ft (2024)
• Blue Bird City Phase II: Rs 770 per sq.ft (2024)
• Dharanirajapuram: Rs 770 per sq.ft (2024)
• Easwari Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Anandha Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, while the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Annai Anandha Layout?

The Sub Registrar Office that covers Annai Anandha Layout is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Panapakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of a property.

When buying or selling a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. It is essential to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Annai Anandha Layout?

The current guideline value of Annai Anandha Layout is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 469 per sq.ft to Rs 770 per sq.ft in 2024, reflecting an overall increase of 64%.

What are the stamp duty and registration fees for properties in Annai Anandha Layout?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 7,70,000, the total fees would amount to Rs 69,300.

Which office handles property registrations in Annai Anandha Layout?

The Padappai Sub Registrar Office handles property registrations for Annai Anandha Layout, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the guideline value determined for properties in Panapakkam?

The guideline value is determined based on various factors, including land classification and the values of other streets in the area. It is regularly revised to reflect current market conditions.