Guideline Value for ANNAI MOOGAMBIGAI NAGAR (WARD -19)

Annai Moogambigai Nagar (Ward -19) guideline value

The current guideline value for Annai Moogambigai Nagar (Ward -19) is Rs 661 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor village under the Chengleput Joint II SRO and is 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 has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. However, the value saw a significant increase to Rs 600 per sq.ft in 2023, and then rose again to Rs 661 per sq.ft in 2024, marking a 10% increase from the previous year.

Looking at the changes, from 2012 to 2017, there was a decrease of 33%. In contrast, the value increased by 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Annai Moogambigai Nagar's 2024 figure below that median.

• Annai Jayalakshmi Nagar (Kr): Rs 990 per sq.ft (2024)
• Annai Indra Nagar (Ward -19): Rs 550 per sq.ft (2024)
• Anganur Street: Rs 661 per sq.ft (2024)
• Andal Street(Per): Rs 661 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 661 per sq.ft, the total guideline value would be Rs 6,61,000. The stamp duty at 7% would amount to Rs 46,270, while the registration fee at 2% would be Rs 13,220. Together, the total cost for stamp duty and registration would be Rs 59,490. It is important to note that 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 Moogambigai Nagar (Ward -19)?

The Sub Registrar Office that covers Annai Moogambigai Nagar (Ward -19) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Peramanoor. It serves as a benchmark for determining the minimum price at which a property can be sold and is used to calculate stamp duty and registration fees. This ensures that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in establishing transparency in the transaction process. Buyers and sellers can refer to the guideline value to understand the fair pricing of properties in the area, ensuring that they are making informed decisions based on official figures.

Frequently asked questions

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

The current guideline value for Annai Moogambigai Nagar (Ward -19) is Rs 661 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 661 per sq.ft in 2024.

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

Annai Moogambigai Nagar (Ward -19) is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 6,61,000, the total fees would be Rs 59,490.

Which Sub Registrar Office is responsible for Annai Moogambigai Nagar (Ward -19)?

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