Guideline Value for ANNAI NAGAR CHOCKANATHAN ST

Annai Nagar Chockanathan St guideline value

The current guideline value of Annai Nagar Chockanathan St is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Korattur village, under the Villivakkam SRO, and is classified as Residential Class I Type - III.

How the guideline value of Annai Nagar Chockanathan St has changed

The guideline value for Annai Nagar Chockanathan St has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,675 per sq.ft. The 2023 revision then increased the value to Rs 2,500 per sq.ft, followed by a further increase to Rs 2,700 per sq.ft in the 2024 revision, marking an 8% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median value is Rs 2,500 per sq.ft, placing the guideline value of Annai Nagar Chockanathan St above that median.

• Annai Nagar Annexe: Rs 2,700 per sq.ft (2024)
• Annai Nagar Extension: Rs 2,700 per sq.ft (2024)
• Annai Nagar Part II, Vedha Avenue: Rs 2,700 per sq.ft (2024)
• Annai Nagar/Streets: Rs 2,700 per sq.ft (2024)
• Annai Mookambikai Nagar (Kallikuppam): Rs 1,300 per sq.ft (2024)
• Annai Mariya Nagar: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Nagar Chockanathan St

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000. Together, the total cost for these fees would be Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Nagar Chockanathan St?

The Sub Registrar Office that covers Annai Nagar Chockanathan St is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Korattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

Frequently asked questions

What is the current guideline value of Annai Nagar Chockanathan St?

The current guideline value of Annai Nagar Chockanathan St is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, an increase of 8%. It was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012, showing a significant increase over the years.

What is the land classification of Annai Nagar Chockanathan St?

Annai Nagar Chockanathan St is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

Where can I find the registration office for Annai Nagar Chockanathan St?

The registration office for Annai Nagar Chockanathan St is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Annai Nagar Chockanathan St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at a rate of 7%.