Guideline Value for ANNAI INDIRA GANDHI NAGAR

Annai Indira Gandhi Nagar guideline value

The current guideline value of Annai Indira Gandhi Nagar is Rs 879 per sq.ft, effective from 1 July 2024. This area is located in Periyakuppam village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Special Type - IV.

How the guideline value of Annai Indira Gandhi Nagar has changed

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This figure then decreased to Rs 536 per sq.ft in the 2017 revision, marking a decline of 33%. Following this, there was a significant increase of 49% to Rs 800 per sq.ft in the 2023 revision. The most recent revision in 2024 saw another increase to Rs 879 per sq.ft, reflecting a rise of 10% from the previous year.

The register has no figure for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft, with a median of Rs 1,100 per sq.ft. The guideline value for Annai Indira Gandhi Nagar is below this median.

• Anna Street: Rs 1,100 per sq.ft (2024)
• Arumugam Nagar: Rs 879 per sq.ft (2024)
• Aghimsa Nagar: Rs 1,320 per sq.ft (2024)
• Agathiyar Street: Rs 1,100 per sq.ft (2024)
• Athiyaman Cross Street: Rs 879 per sq.ft (2024)
• Athiyaman Street: Rs 1,100 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 rate of Rs 879 per sq.ft, the guideline value amounts to Rs 8,79,000. The stamp duty at 7% would be Rs 61,530, and the registration fee at 2% would be Rs 17,580, totaling Rs 79,110. 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 more details.

Which Sub Registrar Office covers Annai Indira Gandhi Nagar?

The Sub Registrar Office that covers Annai Indira Gandhi Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Periyakuppam. It determines the minimum value at which properties must be registered, ensuring that the transaction is documented according to the official rates set by the government.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and fairness in property transactions within the region.

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 879 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 879 per sq.ft in 2024.

What is the land classification for Annai Indira Gandhi Nagar?

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

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot at the current guideline value of Rs 8,79,000, the total stamp duty and registration fees would amount to Rs 79,110.

Which office handles registrations for Annai Indira Gandhi Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Annai Indira Gandhi Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.