Guideline Value for ANNAI MURUGAMMAL NAGAR

Annai Murugammal Nagar guideline value

The current guideline value of Annai Murugammal Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Neelankarai village, under the Neelankarai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Annai Murugammal Nagar has changed

The guideline value for Annai Murugammal Nagar has seen several revisions over the years. In 2012, the value was set at Rs 3,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 2,010 per sq.ft, reflecting a decrease of 33%. The next revision in 2023 increased the value to Rs 3,000 per sq.ft, and the most recent revision in 2024 raised it further to Rs 3,300 per sq.ft, marking an increase of 10% from the previous year.

From 2017 to 2023, the guideline value increased significantly by 49%. Overall, from the 2012 revision to the current 2024 figure, there has been a total increase of 10%.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 10,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing the 2024 guideline value of Annai Murugammal Nagar above this median.

• Annai Murugammal Avenue: Rs 3,300 per sq.ft (2024)
• Animal Park: Rs 1,700 per sq.ft (2024)
• Anna Nagar Thoripakkam Salai: Rs 1,700 per sq.ft (2024)
• Anbalagan Street: Rs 1,700 per sq.ft (2024)
• Anna Street/Anna Nagar: Rs 1,700 per sq.ft (2024)
• Arigner Anna Nagar 1st Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Murugammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Annai Murugammal Nagar?

The Sub Registrar Office covering Annai Murugammal Nagar is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Neelankarai. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling a property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount of revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Annai Murugammal Nagar?

The current guideline value of Annai Murugammal Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 3,000 per sq.ft in 2012, dropping to Rs 2,010 per sq.ft in 2017, and then increasing to Rs 3,000 per sq.ft in 2023, before reaching Rs 3,300 per sq.ft in 2024.

What is the land classification of Annai Murugammal Nagar?

Annai Murugammal Nagar is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated in Annai Murugammal Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total cost of Rs 2,97,000 in duties and fees.