Guideline Value for ANNAI ANJUGAM NAGAR

Annai Anjugam Nagar guideline value

The current guideline value of Annai Anjugam Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Uthukottai village under the Oothukkottai SRO and is classified as Residential Class I Type - I.

How the guideline value of Annai Anjugam Nagar has changed

Since the 2012 revision, the guideline value for Annai Anjugam Nagar has seen several changes. The value was Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017, which marked a decline of 33%. However, the value increased to Rs 500 per sq.ft in both the 2023 and 2024 revisions, showing a 49% increase from the 2017 figure. It is noteworthy that the register has no figures for the years 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 500 per sq.ft. The consistency in the values from 2023 to 2024 indicates no percentage change, maintaining the median guideline value for the area.

Guideline values in Uthukottai

In Uthukottai, there are 120 streets under the Oothukkottai SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,000 per sq.ft. The median value is Rs 500 per sq.ft, which aligns with the guideline value of Annai Anjugam Nagar.

• Annai Anjugam Nagar Cross Street: Rs 500 per sq.ft (2024)
• Angalamman Koil Street: Rs 400 per sq.ft (2024)
• ANNA NAGAR MAIN 1st STREET: Rs 500 per sq.ft (2024)
• ANNA NAGAR MAIN 2nd STREET: Rs 500 per sq.ft (2024)
• Ambedkarnagar New Colony Main Street: Rs 200 per sq.ft (2024)
• AMBEDKARNAGAR NEW COLONY 2nd LANE CROSS STREET: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Anjugam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, leading to a combined total of Rs 45,000. 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 more information.

Which Sub Registrar Office covers Annai Anjugam Nagar?

The Annai Anjugam Nagar area falls under the jurisdiction of the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uthukottai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted at a fair price.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Annai Anjugam Nagar?

The current guideline value of Annai Anjugam Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with a decrease to Rs 335 per sq.ft in 2017, followed by a return to Rs 500 per sq.ft in 2023 and 2024. Overall, from 2012 to 2024, the value has remained at Rs 500 per sq.ft.

What are the other streets in Uthukottai with similar guideline values?

Other streets in Uthukottai, such as Annai Anjugam Nagar Cross Street, ANNA NAGAR MAIN 1st STREET, and ANNA NAGAR MAIN 2nd STREET, also have a guideline value of Rs 500 per sq.ft in 2024.

How is the stamp duty calculated for properties in Annai Anjugam Nagar?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 5,00,000 would incur a stamp duty of Rs 35,000.

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

The Oothukkottai Sub Registrar Office, which covers Annai Anjugam Nagar, is located near the government hospital in Uthukottai, 602026, Chennai registration zone.