Guideline Value for ANNAI GARDEN

Annai Garden guideline value

The current guideline value of Annai Garden is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Athur B Block village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - II.

How the guideline value of Annai Garden has changed

The guideline value for Annai Garden has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 500 per sq.ft. In the 2017 revision, the value was lower at Rs 335 per sq.ft, marking a decrease of 33% from 2012. The most recent revision in 2024 has maintained the value at Rs 500 per sq.ft, showing no change from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 500 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Athur B Block

Athur B Block comprises 79 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 268 to Rs 1,525 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Annai Garden's 2024 figure below that median.

• Arj Land Developers In Goldan Nagar: Rs 500 per sq.ft (2024)
• Ashmitha Gardens: Rs 700 per sq.ft (2024)
• Asmitha Garden: Rs 700 per sq.ft (2024)
• Abacus Avenue: Rs 500 per sq.ft (2024)
• Balaji Nagar: Rs 500 per sq.ft (2024)
• Balu Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Garden

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, charged at 7%, would be Rs 35,000, while the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Annai Garden?

The Sub Registrar Office that covers Annai Garden is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value plays a crucial role during the registration of property transactions in Athur B Block. It serves as the benchmark for calculating stamp duty and registration fees, which are mandatory costs for property buyers and sellers.

When a property is sold, the guideline value is referenced to ensure that the transaction is recorded accurately. This value helps maintain transparency in property dealings and ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai Garden?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since 2012, with a decrease to Rs 335 per sq.ft in 2017, before returning to Rs 500 per sq.ft in 2023 and remaining unchanged in 2024.

What is the land classification of Annai Garden?

Annai Garden is classified as Residential Special Type - II, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property in Annai Garden?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 45,000 based on the current guideline value.

Where can I find the Sub Registrar Office for Annai Garden?

The Chengleput Joint II Sub Registrar Office covers Annai Garden, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.