Guideline Value for ANNAI NAGAR

Annai Nagar guideline value

The current guideline value of Annai Nagar, located in Thimmaiyanpettai village under the Walajabad SRO, is Rs 275 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Annai Nagar has changed

The guideline value for Annai Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft. In 2017, this value decreased to Rs 167 per sq.ft, marking a decline of 33%. However, in 2023, the value increased significantly to Rs 250 per sq.ft, and the latest revision in 2024 has raised it further to Rs 275 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 50%, reaching Rs 250 per sq.ft. Overall, from the 2012 figure to the 2024 figure, there has been a total increase of 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thimmaiyanpettai

In Thimmaiyanpettai, there are four streets under the Walajabad SRO with a 2024 guideline value ranging from Rs 220 to Rs 330 per sq.ft. The median value for these streets is Rs 248 per sq.ft, placing Annai Nagar's 2024 figure above that median.

• Anna Nagar: Rs 220 per sq.ft (2024)
• Sri Prasanna Nagar: Rs 220 per sq.ft (2024)
• Vishwa Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value would be Rs 2,75,000. The stamp duty at 7% would amount to Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total fees to Rs 24,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Annai Nagar?

The Sub Registrar Office that covers Annai Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Thimmaiyanpettai. It is used to determine the stamp duty and registration fees payable when buying or selling property. The guideline value ensures that the government receives the appropriate revenue from property transactions.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Annai Nagar?

The current guideline value of Annai Nagar is Rs 275 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 250 per sq.ft in 2023 to Rs 275 per sq.ft in 2024. The value was as low as Rs 167 per sq.ft in 2017.

What is the land classification for Annai Nagar?

Annai Nagar is classified as Residential Class I Type - II. This classification indicates the type of development and usage permitted in the area.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more details by visiting the relevant link.

How is the stamp duty calculated in Annai Nagar?

Stamp duty in Annai Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 2,75,000, the stamp duty at 7% would be Rs 19,250.