Guideline Value for ANNAI ANANDHA NAGAR PHASE II

Annai Anandha Nagar Phase II guideline value

The current guideline value of Annai Anandha Nagar Phase II is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Varadarajapuram village under the Padappai SRO, classified as Residential Special Type - II.

How the guideline value of Annai Anandha Nagar Phase II has changed

The guideline value for Annai Anandha Nagar Phase II has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,650 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 1,500 per sq.ft. The register has no figures for this street in the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, the guideline value for this street was not recorded in the register for the aforementioned years. The increase from 2023 to 2024 reflects a change in the valuation approach for properties in the area.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Annai Anandha Nagar Phase II is equal to this median.

• Amman Nagar: Rs 1,650 per sq.ft (2024)
• Ambika Nagar: Rs 1,650 per sq.ft (2024)
• Anusakthipuram: Rs 990 per sq.ft (2024)
• Ambedhkar Street: Rs 1,650 per sq.ft (2024)
• Amball Nagar: Rs 990 per sq.ft (2024)
• Arav Garden: Rs 3,030 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Anandha Nagar Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total fees Rs 1,48,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Anandha Nagar Phase II?

The Sub Registrar Office that covers Annai Anandha Nagar Phase II 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 information.

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

The guideline value is a critical factor when registering property transactions in Varadarajapuram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling a property, the guideline value serves as a benchmark for both parties. Buyers should be aware that the stamp duty will be calculated based on the higher value between the guideline value and the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Annai Anandha Nagar Phase II?

The current guideline value of Annai Anandha Nagar Phase II is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2023 to 2024?

The guideline value increased from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, representing a 10% increase.

What is the land classification of Annai Anandha Nagar Phase II?

Annai Anandha Nagar Phase II is classified as Residential Special Type - II.

Where can I find the registration office for Annai Anandha Nagar Phase II?

The registration office for Annai Anandha Nagar Phase II is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Annai Anandha Nagar Phase II?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at 7%.