Guideline Value for ANNAI MOOKAMBIGAI NAGAR (CHEN)

Annai Mookambigai Nagar (Chen) guideline value

The current guideline value of Annai Mookambigai Nagar (Chen) is Rs 880 per sq.ft, effective from 1 July 2024. This area falls under Sengundram - 1 village and is classified as Residential Class I Type - I, governed by the Chengleput Joint II SRO.

How the guideline value of Annai Mookambigai Nagar (Chen) has changed

Over the years, the guideline value for Annai Mookambigai Nagar (Chen) has seen several revisions. In 2012, the guideline value was Rs 800 per sq.ft, which decreased to Rs 536 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 800 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 880 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sengundram - 1

Sengundram - 1 consists of 126 streets under the Chengleput Joint II SRO, with values ranging from Rs 660 to Rs 3,285 per sq.ft. The median guideline value is Rs 880 per sq.ft, which is equal to the current value of Annai Mookambigai Nagar (Chen). Below are the guideline values for other streets in Sengundram - 1:

• Anna Builders (Chen): Rs 1,100 per sq.ft (2024)
• Arun Excello Constructions Llp Compact Homes Urmika: Rs 1,100 per sq.ft (2024)
• Athiparasakthi Nagart (Chen): Rs 660 per sq.ft (2024)
• Ats Twin Avenue Phase-I: Rs 660 per sq.ft (2024)
• Ats Twin Avenue Phase-II: Rs 660 per sq.ft (2024)
• Abi Avenue (Chen): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Mookambigai Nagar (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total cost for these fees Rs 79,200. Duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Mookambigai Nagar (Chen)?

The Sub Registrar Office that covers Annai Mookambigai Nagar (Chen) 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 details.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value plays a crucial role during property transactions in Sengundram - 1. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers as it ensures compliance with legal requirements and helps in the accurate assessment of property transactions. It is advisable to check the latest guideline values before proceeding with any property dealings.

Frequently asked questions

What is the current guideline value of Annai Mookambigai Nagar (Chen)?

The current guideline value of Annai Mookambigai Nagar (Chen) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 800 per sq.ft in 2023 to Rs 880 per sq.ft in 2024. Overall, from 2012 to 2024, it has increased by 10%.

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

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200. These fees are calculated based on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers this area?

The Chengleput Joint II Sub Registrar Office covers Annai Mookambigai Nagar (Chen), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What are the guideline values of other streets in Sengundram - 1?

Other streets in Sengundram - 1 have varying guideline values, with rates ranging from Rs 660 to Rs 3,285 per sq.ft. The median value is Rs 880 per sq.ft, which is equal to that of Annai Mookambigai Nagar (Chen).