Guideline Value for ANNAI NAGAR

Annai Nagar guideline value

The current guideline value for Annai Nagar, Aaladu village, under the Ponneri SRO is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I 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 Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. Following this, the value increased significantly to Rs 200 per sq.ft in both the 2023 and 2024 revisions, marking a 49% increase from 2017 to 2023, but no change from 2023 to 2024.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, when comparing the 2012 and 2024 revisions, the guideline value has remained stable at Rs 200 per sq.ft.

Guideline values in Aaladu

Aaladu village has 13 streets under the Ponneri SRO, with guideline values ranging from Rs 200 to Rs 400 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, which is the same as the 2024 figure for Annai Nagar.

• Annamalai Nagar: Rs 200 per sq.ft (2024)
• Abirami Nagar: Rs 200 per sq.ft (2024)
• Duraiswami Nagar: Rs 200 per sq.ft (2024)
• Gomathi Amman Nagar: Rs 200 per sq.ft (2024)
• Illahi Nagar: Rs 200 per sq.ft (2024)
• Jayam Housing Site: Rs 200 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty, calculated at 7%, would be Rs 14,000, while the registration fee at 2% would be Rs 4,000. Therefore, the total amount payable would be Rs 18,000. 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 detailed calculations.

Which Sub Registrar Office covers Annai Nagar?

The Ponneri Sub Registrar Office covers Annai Nagar. The office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

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

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value for Annai Nagar?

The current guideline value for Annai Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, except for a drop to Rs 134 per sq.ft in 2017. It then returned to Rs 200 per sq.ft in both 2023 and 2024.

What are the other streets in Aaladu with similar guideline values?

Other streets in Aaladu also have a guideline value of Rs 200 per sq.ft for 2024, including Annamalai Nagar, Abirami Nagar, Duraiswami Nagar, Gomathi Amman Nagar, Illahi Nagar, and Jayam Housing Site.

What is the stamp duty for property in Annai Nagar?

The stamp duty for property in Annai Nagar is calculated at 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 14,000.

Where is the Sub Registrar Office for Annai Nagar located?

The Ponneri Sub Registrar Office, which covers Annai Nagar, is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.