Guideline Value for ANNAI MEENAKSHI NAGAR

Annai Meenakshi Nagar guideline value

The current guideline value of Annai Meenakshi Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Perumattu Nellore village under the Chengleput Joint II SRO, classified as Residential Special Type - II.

How the guideline value of Annai Meenakshi Nagar has changed

The guideline value for Annai Meenakshi Nagar has seen several revisions over the years. In 2007, the value was Rs 80 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, it then decreased to Rs 469 per sq.ft in 2017. The 2023 revision maintained the value at Rs 700 per sq.ft, and the same value continues into the 2024 revision, showing no change from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 775%. The revisions for the years 2002 and 2003 do not have figures available for this street in the register.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 500 to Rs 2,850 per sq.ft. The median guideline value is Rs 700 per sq.ft, which is equal to the current value of Annai Meenakshi Nagar.

• Anantha Viniyaga Nagar: Rs 700 per sq.ft (2024)
• A.K.S. Avenue: Rs 500 per sq.ft (2024)
• A.K.Garden: Rs 800 per sq.ft (2024)
• Aishwaryam Enclave Phase - II: Rs 1,800 per sq.ft (2024)
• Aishwaryam Enclave Phase - I: Rs 1,800 per sq.ft (2024)
• Adhvan Enclave: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Meenakshi Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Meenakshi Nagar?

The Sub Registrar Office that covers Annai Meenakshi Nagar 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 information.

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

The guideline value is a crucial factor during the registration process of property transactions in Perumattu Nellore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value ensures that the transaction is documented at a fair value, preventing undervaluation of properties. This helps maintain transparency and compliance with local regulations in property dealings.

Frequently asked questions

What is the current guideline value of Annai Meenakshi Nagar?

The current guideline value of Annai Meenakshi Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017. It remained at Rs 700 per sq.ft in both 2023 and 2024.

What is the registration office for Annai Meenakshi Nagar?

The registration office for Annai Meenakshi Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Annai Meenakshi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.

What is the land classification of Annai Meenakshi Nagar?

Annai Meenakshi Nagar is classified as Residential Special Type - II, which influences its guideline value and potential uses.