Guideline Value for ANNAI GOMATHY NAGAR

Annai Gomathy Nagar guideline value

The current guideline value of Annai Gomathy Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Nerkundram village under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Annai Gomathy Nagar has changed

Since the 2002 revision, there have been several updates to the guideline value for Annai Gomathy Nagar. The register does not contain figures for the years 2002, 2003, 2007, and 2012. However, from the 2017 revision to the 2024 revision, the guideline value has remained consistent at Rs 100 per sq.ft, showing no change over these years.

Specifically, the guideline value was Rs 100 per sq.ft in the 2017 revision, and it remained the same in the 2023 revision. The most recent revision in 2024 also lists the guideline value as Rs 100 per sq.ft, indicating a 0% change from the previous year and overall from 2017 to 2024.

Guideline values in Nerkundram

In addition to Annai Gomathy Nagar, there are other streets in Nerkundram under the Ponneri SRO that share the same guideline value. The current guideline value for these streets is also Rs 100 per sq.ft.

• Anjaneya Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Gomathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Gomathy Nagar?

The Sub Registrar Office that covers Annai Gomathy Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process for property transactions in Nerkundram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is essential to ensure that the sale price is at least equal to the guideline value, as the duty is charged on the higher of the two. This ensures that the registration process is compliant with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Annai Gomathy Nagar?

The current guideline value of Annai Gomathy Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained constant at Rs 100 per sq.ft since the 2017 revision, with no changes noted in the revisions from 2017 to 2024.

What is the land classification for Annai Gomathy Nagar?

Annai Gomathy Nagar is classified as Residential Class II Type - I, which indicates its designation for residential purposes.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 1,00,000, the stamp duty at 7% would be Rs 7,000.