Guideline Value for ANNAI NAGAR PHASE II

Annai Nagar Phase II guideline value

The current guideline value of Annai Nagar Phase II is Rs 1,970 per sq.ft. This area is located in Kannampalayam village under the Kunrathur SRO, and the land classification is Mixed Type - III.

How the guideline value of Annai Nagar Phase II has changed

The guideline value for Annai Nagar Phase II has seen several revisions over the years. The 2017 revision set the value at Rs 1,200 per sq.ft, which increased to Rs 1,792 per sq.ft in 2023. The most recent revision in 2024 has raised the guideline value to Rs 1,970 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The changes between the revisions indicate a significant increase of 49% from 2017 to 2023, reflecting a consistent rise in the guideline value over the years.

Guideline values in Kannampalayam

In Kannampalayam, there are 75 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 765 to Rs 4,000 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value for Annai Nagar Phase II is above this median.

• Annai Nagar Phase-I: Rs 1,970 per sq.ft (2024)
• Annai Indra Gandhi Nagar: Rs 880 per sq.ft (2024)
• Aravindh Nagar: Rs 1,650 per sq.ft (2024)
• Ambal Green City Extension: Rs 880 per sq.ft (2024)
• Ambal Green City: Rs 880 per sq.ft (2024)
• Alcherry Main Road: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Nagar Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,970 per sq.ft, the total guideline value would be Rs 19,70,000. The stamp duty at 7% would amount to Rs 1,37,900, and the registration fee at 2% would be Rs 39,400, bringing the total to Rs 1,77,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Nagar Phase II?

The Sub Registrar Office that covers Annai Nagar Phase II is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Kannampalayam. It determines the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is bought or sold, the guideline value acts as a benchmark for the transaction. It helps in assessing the value of the property and ensures that the government receives the appropriate revenue from the transaction through stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Annai Nagar Phase II?

The current guideline value of Annai Nagar Phase II is Rs 1,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2017 to Rs 1,970 per sq.ft in 2024, marking a total increase of 64% over the years.

What are the stamp duty and registration fees for property in Annai Nagar Phase II?

For a property valued at Rs 19,70,000, the stamp duty would be Rs 1,37,900 and the registration fee would be Rs 39,400, totaling Rs 1,77,300.

Which office handles registrations for Annai Nagar Phase II?

The Kunrathur Sub Registrar Office handles registrations for Annai Nagar Phase II, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as a benchmark for assessing the property value and ensuring compliance with legal requirements.