Guideline Value for ANNAI INDRA NAGAR (WARD -19)

Annai Indra Nagar (Ward -19) guideline value

The current guideline value of Annai Indra Nagar (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Annai Indra Nagar (Ward -19) has changed

Over the years, the guideline value of Annai Indra Nagar (Ward -19) has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which was a decrease of 33% from the Rs 402 per sq.ft recorded in the 2017 revision. The value remained at Rs 600 per sq.ft until the 2023 revision, which increased it to Rs 600 per sq.ft. The latest revision in 2024 raised the guideline value to Rs 660 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures recorded for this street in the revisions from 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Annai Indra Nagar's 2024 figure below that median.

• Annai Jayalakshmi Nagar (Kr): Rs 990 per sq.ft (2024)
• Annai Moogambigai Nagar (Ward -19): Rs 660 per sq.ft (2024)
• Anganur Street: Rs 660 per sq.ft (2024)
• Andal Street(Per): Rs 440 per sq.ft (2024)
• Anna Salai (Ward -6): Rs 2,200 per sq.ft (2024)
• Anna Salai (Ward -8): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Indra Nagar (Ward -19)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees together to Rs 59,400. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Indra Nagar (Ward -19)?

The Sub Registrar Office that covers Annai Indra Nagar (Ward -19) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002 in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ninna Karai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable fees. The registration office will refer to the guideline value to assess the amount of stamp duty and registration fees owed, which is based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Annai Indra Nagar (Ward -19)?

The current guideline value of Annai Indra Nagar (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, which is a 10% increase. In 2017, the value was Rs 402 per sq.ft, and in 2012, it was Rs 600 per sq.ft.

What is the land classification for Annai Indra Nagar (Ward -19)?

Annai Indra Nagar (Ward -19) is classified as Residential Class I Type - III. This classification indicates the type of development and usage permitted in the area.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in the area.

How is the stamp duty calculated for property transactions in Annai Indra Nagar (Ward -19)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000, leading to specific fees for stamp duty and registration.