Guideline Value for ANNAI NAGAR

Annai Nagar guideline value

The current guideline value of Annai Nagar, located in Periyamullavoyal village under the Thiruvottiyur SRO, is Rs 248 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - I.

How the guideline value of Annai Nagar has changed

The guideline value for Annai Nagar has seen several revisions over the years. The earliest available figure is from 2012, where the value was Rs 225 per sq.ft. This was followed by a decrease to Rs 151 per sq.ft in the 2017 revision. In the subsequent 2023 revision, the value increased significantly to Rs 226 per sq.ft, and the latest revision in 2024 has set the value at Rs 248 per sq.ft, marking a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in the guideline value is an increase of 10%. The jump from Rs 151 per sq.ft in 2017 to Rs 226 per sq.ft in 2023 represents a notable 50% increase. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Periyamullavoyal

In Periyamullavoyal, there are seven streets under the Thiruvottiyur SRO that carry a guideline value for 2024, ranging from Rs 248 to Rs 350 per sq.ft. The median value for these streets is Rs 248 per sq.ft, which is the same as the guideline value for Annai Nagar.

• As Nagar: Rs 248 per sq.ft (2024)
• Agp Nagar: Rs 248 per sq.ft (2024)
• Balamurugan Nagar: Rs 248 per sq.ft (2024)
• Outer Ring Road: Rs 248 per sq.ft (2024)
• Sri Sankara Arupadai City: Rs 248 per sq.ft (2024)
• Vivekananda Nagar: Rs 350 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 248 per sq.ft, the total guideline value would be Rs 2,48,000. The stamp duty at 7% would amount to Rs 17,360, and the registration fee at 2% would be Rs 4,960, bringing the total charges to Rs 22,320. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Annai Nagar?

The Sub Registrar Office that covers Annai Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Periyamullavoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property transactions.

When you register a property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that all transactions are fairly assessed according to the established guidelines.

Frequently asked questions

What is the current guideline value of Annai Nagar?

The current guideline value of Annai Nagar is Rs 248 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 225 per sq.ft in 2012 to Rs 151 per sq.ft in 2017, then to Rs 226 per sq.ft in 2023, and finally to Rs 248 per sq.ft in 2024.

What is the land classification for Annai Nagar?

Annai Nagar falls under the land classification of Residential Special Type - I.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 2,48,000, the total charges would be Rs 22,320.

Which office handles registrations for Annai Nagar?

The Thiruvottiyur Sub Registrar Office handles registrations for Annai Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.