Guideline Value for ANNAI KAMATCHI NAGAR

Annai Kamatchi Nagar guideline value

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

How the guideline value of Annai Kamatchi Nagar has changed

The guideline value for Annai Kamatchi Nagar has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures show a guideline value of Rs 600 per sq.ft in 2023, which decreased to Rs 440 per sq.ft in 2024, marking a change of -27%.

Prior to the 2023 revision, there were no figures available for this street in the earlier years. The 2024 revision reflects a significant reduction compared to the previous year.

Guideline values in Iyaampettai

In Iyaampettai, there are 12 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 275 to Rs 660 per sq.ft. The median value for these streets is Rs 550 per sq.ft, indicating that Annai Kamatchi Nagar's 2024 figure is below this median.

• Annai Kamatchiamman Nagar: Rs 660 per sq.ft (2024)
• Annai Sathiya Nagar: Rs 550 per sq.ft (2024)
• Annai Sathya Nagar: Rs 660 per sq.ft (2024)
• Kanthapar Nagar: Rs 275 per sq.ft (2024)
• Kanthappar Street: Rs 550 per sq.ft (2024)
• Kezh Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Kamatchi 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, and the registration fee at 2% would be Rs 8,800, resulting in a total of Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Kamatchi Nagar?

The Sub Registrar Office covering Annai Kamatchi Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Iyaampettai. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the proper fees are collected based on the established rates. Buyers and sellers must be aware of these values to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Annai Kamatchi Nagar?

The current guideline value of Annai Kamatchi 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 600 per sq.ft in 2023 to Rs 440 per sq.ft in 2024, reflecting a decrease of -27%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Iyaampettai?

The median guideline value for streets in Iyaampettai is Rs 550 per sq.ft, with Annai Kamatchi Nagar's value being below this median.

What are the stamp duty rates for properties in Annai Kamatchi Nagar?

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

Where can I find the Sub Registrar Office for Annai Kamatchi Nagar?

The Sub Registrar Office for Annai Kamatchi Nagar is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.