Guideline Value for ANNAI KAMATCHIAMMAN NAGAR

Annai Kamatchiamman Nagar guideline value

The current guideline value of Annai Kamatchiamman Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Iyaampettai village under the Walajabad SRO, classified as Residential Special Type - III.

How the guideline value of Annai Kamatchiamman Nagar has changed

According to the guideline value register, there are no figures available for Annai Kamatchiamman Nagar for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 600 per sq.ft, which increased to Rs 660 per sq.ft in the 2024 revision, marking a change of +10%.

The current guideline value reflects the latest revision, which is the only figure available for this street. The previous figures show a steady increase, with the 2023 value being lower than the current 2024 value.

Guideline values in Iyaampettai

In Iyaampettai, there are 12 streets under the Walajabad SRO that have 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, and the guideline value for Annai Kamatchiamman Nagar is above this median.

• Annai Kamatchi Nagar: Rs 440 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 Kamatchiamman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Annai Kamatchiamman Nagar?

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

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

The guideline value is crucial during property transactions in Iyaampettai, as it determines the minimum value at which a property can be registered. Buyers and sellers should be aware that the registration fees and stamp duty are calculated based on this value.

When purchasing property, it is essential to consider the guideline value to ensure compliance with local regulations. This value serves as a reference point for both buyers and sellers, ensuring a fair transaction process.

Frequently asked questions

What is the current guideline value of Annai Kamatchiamman Nagar?

The current guideline value of Annai Kamatchiamman Nagar 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, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Annai Kamatchiamman Nagar?

Annai Kamatchiamman Nagar is classified as Residential Special Type - III. This classification impacts the guideline value and property usage in the area.

Where can I find the registration office for Annai Kamatchiamman Nagar?

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

How is stamp duty calculated in Iyaampettai?

Stamp duty in Iyaampettai is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at a rate of 7%.