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 locality is situated in Piralayambakkam village and falls under the Ponneri SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Annai Gomathy Nagar has changed

The guideline value for Annai Gomathy Nagar has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 67 per sq.ft. This value remained unchanged at Rs 100 per sq.ft during the 2023 revision and continues to be the same in the 2024 revision, indicating a 49% increase from 2017 to 2023 and overall from 2017 to 2024.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for this street. Thus, the guideline value has remained stable at Rs 100 per sq.ft since 2023.

Guideline values in Piralayambakkam

In Piralayambakkam, there are five streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 100 per sq.ft, making Annai Gomathy Nagar's 2024 figure equal to that median.

• Guru Garden: Rs 100 per sq.ft (2024)
• Johny Nagar: Rs 100 per sq.ft (2024)
• B.I.City: Rs 300 per sq.ft (2024)
• B I City Phase-I: Rs 300 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 cost 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.

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

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 further assistance.

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

The guideline value plays a crucial role when buying or selling property in Piralayambakkam. It serves as a benchmark for calculating stamp duty and registration fees during the property registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to determine the applicable taxes. It is essential to note that the stamp duty is charged based on the higher value between the guideline value and the sale price, ensuring that all transactions are fairly assessed.

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 increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the other streets in Piralayambakkam and their guideline values?

Other streets in Piralayambakkam include Guru Garden and Johny Nagar, both at Rs 100 per sq.ft, while B.I.City and B I City Phase-I are at Rs 300 per sq.ft.

What is the stamp duty rate applicable in Annai Gomathy Nagar?

The stamp duty rate applicable in Annai Gomathy Nagar is 7%, calculated on the higher of the guideline value or the sale price.

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

The Sub Registrar Office for Annai Gomathy Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.