Guideline Value for ANNAI NAGAR

Annai Nagar guideline value

The current guideline value of Annai Nagar, located in Vengaivasal village under the Selaiyur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Annai Nagar has changed

The guideline value for Annai Nagar has seen several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft, which later decreased to Rs 670 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, demonstrating a rise of 49%. The most recent revision in 2024 has increased the value to Rs 1,100 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft, with a median value of Rs 2,700 per sq.ft. Annai Nagar's 2024 guideline value of Rs 1,100 per sq.ft is below this median.

• Annai Ahalyaa: Rs 4,000 per sq.ft (2024)
• Anjaneyar Koil Street: Rs 2,700 per sq.ft (2024)
• Anantha Nagar: Rs 2,700 per sq.ft (2024)
• Anusuya Avenue: Rs 3,700 per sq.ft (2024)
• Akshayam Avenue: Rs 3,300 per sq.ft (2024)
• Akila Avenue: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty is charged at 7%, totaling Rs 77,000, while the registration fee is charged at 2%, amounting to Rs 22,000. Together, these fees total Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Nagar?

The Sub Registrar Office that covers Annai Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Vengaivasal. It is used to determine the stamp duty and registration fees that buyers must pay when acquiring property in the area.

When a property is bought or sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai Nagar?

The current guideline value of Annai Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What are the stamp duty and registration fees in Annai Nagar?

For a property valued at Rs 11,00,000, the stamp duty is Rs 77,000 and the registration fee is Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Annai Nagar?

The Selaiyur Sub Registrar Office covers Annai Nagar, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.

What is the median guideline value in Vengaivasal?

The median guideline value in Vengaivasal is Rs 2,700 per sq.ft, while Annai Nagar's guideline value is below this median at Rs 1,100 per sq.ft.