Guideline Value for ANNAI INDRA GANDHI NAGAR

Annai Indra Gandhi Nagar guideline value

The current guideline value of Annai Indra Gandhi Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Vichoor village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Annai Indra Gandhi Nagar has changed

The guideline value for Annai Indra Gandhi Nagar has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 400 per sq.ft. In 2017, this figure decreased to Rs 268 per sq.ft, indicating a drop of 33%. However, by 2023, the guideline value rose significantly to Rs 400 per sq.ft, and in the latest revision for 2024, it increased further to Rs 440 per sq.ft, marking a 10% rise from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase, with the current figure of Rs 440 per sq.ft being higher than the 2012 figure of Rs 400 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vichoor

In Vichoor village, there are 45 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft, with a median value of Rs 485 per sq.ft. The guideline value of Annai Indra Gandhi Nagar is below this median.

• Anand Nagar: Rs 330 per sq.ft (2024)
• A.M.Garden: Rs 330 per sq.ft (2024)
• Arul Murugan Nagar/ Ext / All Phases: Rs 330 per sq.ft (2024)
• Bhoobalan Nagar: Rs 330 per sq.ft (2024)
• Chandra Avenue: Rs 440 per sq.ft (2024)
• Chandra Nagar: Rs 440 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800, making the total cost for these fees Rs 39,600. It is important to note that the 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 Indra Gandhi Nagar?

The Sub Registrar Office that covers Annai Indra Gandhi Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vichoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

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

The current guideline value of Annai Indra Gandhi Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification of Annai Indra Gandhi Nagar?

Annai Indra Gandhi Nagar is classified as Residential Class I Type - II.

Where can I find more information about the Thiruvottiyur SRO?

You can find more information about the Thiruvottiyur SRO at the Sub Registrar Office located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Annai Indra Gandhi Nagar?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 4,40,000 would incur a stamp duty of Rs 30,800 at 7%.