Guideline Value for ANNAI INDIRA NAGAR

Annai Indira Nagar guideline value

The current guideline value of Annai Indira Nagar, located in Nemilancheri village under the Avadi SRO, is Rs 990 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Annai Indira Nagar has changed

The guideline value for Annai Indira Nagar has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 900 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 603 per sq.ft. This was followed by a significant increase to Rs 900 per sq.ft in the 2023 revision, and finally, the current value of Rs 990 per sq.ft from the 2024 revision reflects a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a 10% increase. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nemilancheri

In Nemilancheri, there are 15 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 1,870 per sq.ft, with the median being Rs 990 per sq.ft. Annai Indira Nagar's 2024 guideline value aligns with this median.

• Devi Nagar: Rs 660 per sq.ft (2024)
• Evp Rajeswari Town: Rs 1,650 per sq.ft (2024)
• E.V.P. Town: Rs 990 per sq.ft (2024)
• Harmony Enclave: Rs 1,650 per sq.ft (2024)
• Mahadevan Nagar: Rs 770 per sq.ft (2024)
• M.T.H Road: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Indira Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, making the total charges Rs 89,100. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Indira Nagar?

The Sub Registrar Office that covers Annai Indira Nagar is the Avadi Sub Registrar Office, 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 Nemilancheri

The guideline value is a crucial factor in the registration process for properties in Nemilancheri. It serves as the basis for calculating the stamp duty and registration fees that buyers and sellers must pay during property transactions.

When a property is sold, the guideline value is used to ensure that the transaction is registered at a fair value, reflecting the current market conditions as determined by the government. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Annai Indira Nagar?

The current guideline value of Annai Indira Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Annai Indira Nagar?

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

What are the stamp duty and registration fees for properties in Annai Indira Nagar?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which office handles property registrations for Annai Indira Nagar?

The Avadi Sub Registrar Office handles property registrations for Annai Indira Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.