Guideline Value for ANNAI MOOGAMBIGAI NAGAR (WARD -19)

Annai Moogambigai Nagar (Ward -19) guideline value

The current guideline value of Annai Moogambigai Nagar (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024. This locality is situated in Panangottur village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Annai Moogambigai Nagar (Ward -19) has changed

The guideline value for Annai Moogambigai Nagar (Ward -19) has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 600 per sq.ft. This figure remained the same until the next revision in 2017, which saw a decrease to Rs 402 per sq.ft. However, from 2017 to 2023, the guideline value increased significantly by 49% to reach Rs 600 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 660 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values for 2024 ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for the village is Rs 990 per sq.ft, placing Annai Moogambigai Nagar (Ward -19) below this median.

• Annai Jayalakshmi Nagar (Kr): Rs 990 per sq.ft (2024)
• Annai Indra Nagar (Ward -19): Rs 440 per sq.ft (2024)
• Anganur Street: Rs 660 per sq.ft (2024)
• Andal Street(Per): Rs 440 per sq.ft (2024)
• Anna Salai (Ward -6): Rs 2,200 per sq.ft (2024)
• Anna Salai (Ward -8): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Moogambigai Nagar (Ward -19)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total 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, bringing the total charges to Rs 59,400. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Moogambigai Nagar (Ward -19)?

The Sub Registrar Office covering Annai Moogambigai Nagar (Ward -19) 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 Panangottur

The guideline value is a crucial factor when registering property transactions in Panangottur. It serves as a benchmark for determining the minimum value at which a property can be sold or bought, ensuring that the transaction is recorded accurately in the official register.

When you buy or sell property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that both buyers and sellers are aware of the financial obligations involved in the property transfer process.

Frequently asked questions

What is the current guideline value of Annai Moogambigai Nagar (Ward -19)?

The current guideline value of Annai Moogambigai Nagar (Ward -19) 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 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Annai Moogambigai Nagar (Ward -19)?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office handles property registrations in Annai Moogambigai Nagar (Ward -19)?

The Chengleput Joint II Sub Registrar Office handles property registrations in Annai Moogambigai Nagar (Ward -19), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification of Annai Moogambigai Nagar (Ward -19)?

Annai Moogambigai Nagar (Ward -19) is classified as Residential Class I Type - III, indicating its suitability for residential purposes.