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 street is located in Vichoor_B 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 2017 revision set the value at Rs 268 per sq.ft, which was then increased to Rs 400 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 has further raised the value to Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vichoor_B

In Vichoor_B, there are 45 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 550 per sq.ft. The median value for these streets is Rs 485 per sq.ft, positioning Annai Indra Gandhi Nagar's 2024 figure below that median.

• Anand Nagar: Rs 485 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 amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total charges to 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_B

The guideline value is a crucial factor in the registration process when buying or selling property in Vichoor_B. It determines the amount of stamp duty and registration fees payable, which are calculated based on this value.

When a property is sold, the guideline value helps establish the legal framework for the transaction, ensuring that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

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 much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 268 per sq.ft to Rs 440 per sq.ft in 2024, marking an overall increase of 64%.

What is the land classification for Annai Indra Gandhi Nagar?

Annai Indra Gandhi Nagar is classified as Residential Class I Type - II according to the guidelines set by the Thiruvottiyur SRO.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 440 per sq.ft, the stamp duty would be Rs 30,800.