Guideline Value for ANNAI KASTHURIBA GANDHU NAGAR

Annai Kasthuriba Gandhu Nagar guideline value

The current guideline value of Annai Kasthuriba Gandhu Nagar is Rs 103 per sq.ft, effective from 1 July 2024. This area is located in Nelli village and falls under the Salavakkam SRO, with a land classification of Residential Special Type - I.

How the guideline value of Annai Kasthuriba Gandhu Nagar has changed

The guideline value for Annai Kasthuriba Gandhu Nagar has seen several revisions over the years. In 2012, the value was set at Rs 100 per sq.ft, which then decreased to Rs 67 per sq.ft in 2017. Following this, the value increased significantly to Rs 100 per sq.ft in 2023, and currently stands at Rs 103 per sq.ft as of the 2024 revision, reflecting a 3% increase from the previous year.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. The overall change from the 2012 revision to the current 2024 revision is a modest increase of 3%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nelli

In Nelli village, there are 25 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 101 to Rs 103 per sq.ft, with the median value being Rs 103 per sq.ft. Annai Kasthuriba Gandhu Nagar's 2024 figure aligns with this median value.

• Deepam Nagar: Rs 101 per sq.ft (2024)
• Deepam Nagar Part-2: Rs 103 per sq.ft (2024)
• Jayam Nagar K.B.K.city: Rs 103 per sq.ft (2024)
• Jupiter Mega City: Rs 103 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 103 per sq.ft (2024)
• Malligai Nagar: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Kasthuriba Gandhu Nagar

For a 1,000 sq.ft plot at the current rate of Rs 103 per sq.ft, the guideline value amounts to Rs 1,03,000. The stamp duty at 7% would be Rs 7,210, and the registration fee at 2% would be Rs 2,060, totaling Rs 9,270. It is important to note that 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 Kasthuriba Gandhu Nagar?

The Sub Registrar Office that covers Annai Kasthuriba Gandhu Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Nelli. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value is used to calculate the total costs involved in the registration process. This ensures that both buyers and sellers are aware of the financial obligations they will need to meet during the transaction.

Frequently asked questions

What is the current guideline value of Annai Kasthuriba Gandhu Nagar?

The current guideline value of Annai Kasthuriba Gandhu Nagar is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023, and currently stands at Rs 103 per sq.ft as of the 2024 revision.

What is the land classification of Annai Kasthuriba Gandhu Nagar?

Annai Kasthuriba Gandhu Nagar is classified as Residential Special Type - I.

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

The Sub Registrar Office for Annai Kasthuriba Gandhu Nagar is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is stamp duty calculated for properties in Annai Kasthuriba Gandhu Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 7,210.