Guideline Value for Annai Kanyakumari Nagar & Annai Kanyakumari Nagar Extension

Annai Kanyakumari Nagar & Annai Kanyakumari Nagar Extension guideline value

The current guideline value for Annai Kanyakumari Nagar & Annai Kanyakumari Nagar Extension is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Kattavakkam village, under the Walajabad SRO, and is classified as Residential Class I Type - III.

How the guideline value of Annai Kanyakumari Nagar & Annai Kanyakumari Nagar Extension has changed

The guideline value for Annai Kanyakumari Nagar & Annai Kanyakumari Nagar Extension has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. In 2023, the value returned to Rs 300 per sq.ft, and it remained the same in the 2024 revision.

Between the revisions, the changes were notable. From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, comparing the 2012 and 2024 revisions, the guideline value has not changed, remaining at Rs 300 per sq.ft.

Guideline values in Kattavakkam

In Kattavakkam, there are 19 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 300 to Rs 800 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Annai Kanyakumari Nagar & Annai Kanyakumari Nagar Extension is below this median.

• Akshaya Avenue: Rs 400 per sq.ft (2024)
• Atchaya Avenue Phase-I: Rs 400 per sq.ft (2024)
• Iyappa Nagar: Rs 300 per sq.ft (2024)
• Jemi Golden City: Rs 350 per sq.ft (2024)
• Millenium Square Phase-I,II,III: Rs 400 per sq.ft (2024)
• Millennium Square Sector-IV: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Kanyakumari Nagar & Annai Kanyakumari Nagar Extension

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making a total of Rs 27,000. It is important to note that 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 details.

Which Sub Registrar Office covers Annai Kanyakumari Nagar & Annai Kanyakumari Nagar Extension?

The Sub Registrar Office that covers Annai Kanyakumari Nagar & Annai Kanyakumari Nagar Extension 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 Kattavakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Kattavakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. 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 for Annai Kanyakumari Nagar?

The current guideline value for Annai Kanyakumari Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions being Rs 300 per sq.ft in 2023 and 2024, following a decrease to Rs 201 per sq.ft in 2017.

What is the land classification for Annai Kanyakumari Nagar?

Annai Kanyakumari Nagar is classified as Residential Class I Type - III, indicating its designation for residential use.

Where can I find the registration office for properties in this area?

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

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 3,00,000, the stamp duty at 7% would be Rs 21,000.