Guideline Value for ANNAI INDIRA GANDHI NAGAR

Annai Indira Gandhi Nagar guideline value

The current guideline value of Annai Indira Gandhi Nagar is Rs 580 per sq.ft, effective from 1 July 2024. This locality is situated in Cheranancheri village and falls under the Avadi Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - V.

How the guideline value of Annai Indira Gandhi Nagar has changed

According to the guideline value register, there have been no figures recorded for Annai Indira Gandhi Nagar in the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 has established the guideline value at Rs 580 per sq.ft.

As there are no previous figures available for this street, the 2024 revision stands as the first recorded guideline value for Annai Indira Gandhi Nagar.

Guideline values in Cheranancheri

In Cheranancheri, there are 31 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 274 to Rs 3,000 per sq.ft, with a median value of Rs 1,540 per sq.ft. The guideline value for Annai Indira Gandhi Nagar is below this median.

• Annai Indira Nagar: Rs 274 per sq.ft (2024)
• Aditra Garder Phase - II: Rs 1,540 per sq.ft (2024)
• Aditra Garden Phase - I: Rs 1,540 per sq.ft (2024)
• Bajanai Koil Street: Rs 530 per sq.ft (2024)
• Chokkalingam Amsaveni Nagar: Rs 274 per sq.ft (2024)
• Coral Crest By Urban Tree: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Indira Gandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 580 per sq.ft, the total guideline value amounts to Rs 5,80,000. The stamp duty at 7% would be Rs 40,600, while the registration fee at 2% would be Rs 11,600, making the total fees together Rs 52,200. It is important to note that 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 Indira Gandhi Nagar?

The Avadi Sub Registrar Office covers Annai Indira Gandhi Nagar. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Cheranancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions in the locality.

Frequently asked questions

What is the current guideline value of Annai Indira Gandhi Nagar?

The current guideline value of Annai Indira Gandhi Nagar is Rs 580 per sq.ft, effective from 1 July 2024.

Have there been any changes in the guideline value for this street?

There have been no changes in the guideline value for Annai Indira Gandhi Nagar as there are no figures recorded for previous years, with the 2024 revision being the first.

What is the land classification of Annai Indira Gandhi Nagar?

The land classification for Annai Indira Gandhi Nagar is Residential Special Type - V.

How does the guideline value compare to other streets in Cheranancheri?

The guideline value for Annai Indira Gandhi Nagar is below the median value of Rs 1,540 per sq.ft for the 31 streets in Cheranancheri under the Avadi SRO.

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

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.