Guideline Value for ANNAI INDIRA NAGAR

Annai Indira Nagar guideline value

The current guideline value of Annai Indira Nagar, located in Okkiyamthuraipakkam village under the Neelankarai SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Annai Indira Nagar has changed

The guideline value for Annai Indira Nagar has experienced several revisions over the years. In 2003, the value was set at Rs 152 per sq.ft, which saw a significant increase to Rs 2,618 per sq.ft in 2007. The value then rose to Rs 4,000 per sq.ft in 2012, followed by a decrease to Rs 2,680 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 4,000 per sq.ft, and the latest revision in 2024 has set it at Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

Overall, the guideline value has increased by 2795% from 2003 to 2024. Notably, the revisions for 2002 do not have a registered figure for this street.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Annai Indira Nagar's 2024 figure above this median.

• ANNAI AVENUE 2nd STREET: Rs 2,800 per sq.ft (2024)
• ANNAI AVENUE 1st STREET: Rs 2,800 per sq.ft (2024)
• Annai Avenue: Rs 3,900 per sq.ft (2024)
• ANNAI 3rd STREET: Rs 3,300 per sq.ft (2024)
• ANNAI 2nd STREET: Rs 3,300 per sq.ft (2024)
• ANNAI 1st STREET: Rs 3,300 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 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Indira Nagar?

The Sub Registrar Office covering Annai Indira Nagar is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Okkiyamthuraipakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and is used to assess the value of the property for taxation purposes.

At the time of registration, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Annai Indira Nagar?

The current guideline value of Annai Indira Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 152 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting a significant increase over the years.

What are the stamp duty rates for property in Annai Indira Nagar?

The stamp duty for property in Annai Indira Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value in Okkiyamthuraipakkam?

The median guideline value in Okkiyamthuraipakkam is Rs 3,300 per sq.ft, with Annai Indira Nagar's value being above this median.