Guideline Value for ANNAI INDIRA NAGAR

Annai Indira Nagar guideline value

The current guideline value of Annai Indira Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Kizhnallathur & Melnallathur village, under the jurisdiction of the Manavalanagar SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Annai Indira Nagar has changed

The guideline value for Annai Indira Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 167 per sq.ft, marking a decrease of 33%. However, by the 2023 revision, the value returned to Rs 250 per sq.ft, maintaining the same figure in the 2024 revision, reflecting a 0% change between 2023 and 2024.

From the 2017 revision to the 2023 revision, there was a significant increase of 50%. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 250 per sq.ft, indicating no overall change despite fluctuations in the interim revisions. There are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kizhnallathur & Melnallathur

In Kizhnallathur & Melnallathur, there are 67 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 1,201 per sq.ft. The median value among these streets is Rs 250 per sq.ft, which matches the guideline value of Annai Indira Nagar.

• Annai Bhavani Nagar: Rs 200 per sq.ft (2024)
• Annai Saroja Nagar: Rs 226 per sq.ft (2024)
• Annai Thangam Nagar: Rs 250 per sq.ft (2024)
• Annammal Nagar: Rs 200 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 200 per sq.ft (2024)
• Ellappa Nagar: Rs 250 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 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total cost for these fees Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Indira Nagar?

The Sub Registrar Office that covers Annai Indira Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kizhnallathur & Melnallathur

The guideline value is a crucial factor when registering a property in Kizhnallathur & Melnallathur. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring transparency in transactions.

When a buyer or seller approaches the Sub Registrar Office for registration, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the property transaction.

Frequently asked questions

What is the current guideline value of Annai Indira Nagar?

The current guideline value of Annai Indira Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has fluctuated over the years, with the most recent figures being Rs 250 per sq.ft in both 2023 and 2024, after a decrease to Rs 167 per sq.ft in 2017 from Rs 250 per sq.ft in 2012.

What is the median guideline value in Kizhnallathur & Melnallathur?

The median guideline value in Kizhnallathur & Melnallathur is Rs 250 per sq.ft, which is the same as the guideline value for Annai Indira Nagar.

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

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which office handles property registrations for Annai Indira Nagar?

The Manavalanagar Sub Registrar Office handles property registrations for Annai Indira Nagar, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.