Guideline Value for ANNAI MEENAKSHI NAGAR

Annai Meenakshi Nagar guideline value

The current guideline value of Annai Meenakshi Nagar is Rs 400 per sq.ft, as per the 2023 revision. This area falls under Sirukadal village and is classified as Residential Class I Type - III, governed by the Tiruvallur Joint 1 SRO.

How the guideline value of Annai Meenakshi Nagar has changed

In the 2012 revision, the guideline value was Rs 400 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 268 per sq.ft, reflecting a drop of 33%. The most recent revision in 2023 saw the guideline value rise to Rs 400 per sq.ft, marking an increase of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has not changed, remaining at Rs 400 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Sirukadal

Currently, there are no specific village figures available for Sirukadal. Annai Meenakshi Nagar is the only street mentioned in the guideline value register for this locality.

Stamp duty and registration fee for property in Annai Meenakshi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Meenakshi Nagar?

The Sub Registrar Office that covers Annai Meenakshi Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Sirukadal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is taken into account during the registration process. Buyers must be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Annai Meenakshi Nagar?

The current guideline value of Annai Meenakshi Nagar is Rs 400 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

From the 2012 revision to the 2017 revision, the guideline value decreased from Rs 400 per sq.ft to Rs 268 per sq.ft. However, it increased back to Rs 400 per sq.ft in the 2023 revision.

What is the land classification for Annai Meenakshi Nagar?

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

What are the stamp duty and registration fees for property in Annai Meenakshi Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a plot of 1,000 sq.ft, the total fees would amount to Rs 36,000.

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

The Tiruvallur Joint 1 Sub Registrar Office covers Annai Meenakshi Nagar and is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.