Guideline Value for ANNAI NAGAR

Annai Nagar guideline value

The current guideline value of Annai Nagar, located in Venmanamputhur village, is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class II Type - II.

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 guideline value was Rs 200 per sq.ft, which then decreased to Rs 134 per sq.ft in 2017. Following this, the value increased significantly by 49% to Rs 200 per sq.ft in 2023, and it remained unchanged at Rs 200 per sq.ft in the 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has shown no change, maintaining the value at Rs 200 per sq.ft.

Guideline values in Venmanamputhur

In Venmanamputhur, there are 54 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft, with a median value of Rs 200 per sq.ft. Annai Nagar's 2024 figure aligns with this median value.

• Arumuga Nagar / Annex: Rs 200 per sq.ft (2024)
• Asta Lakshmi Nagar: Rs 200 per sq.ft (2024)
• Aathi Lakshmi Nagar: Rs 200 per sq.ft (2024)
• Bathel Nagar: Rs 200 per sq.ft (2024)
• Chelliyamman Nagar & Annex: Rs 200 per sq.ft (2024)
• Danraj Nagar(S.No.-273.274/1.2): 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 would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling 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 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 Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Venmanamputhur. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value helps determine the official sale price for registration purposes. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Annai Nagar?

The current guideline value of 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 changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024. Overall, from 2012 to 2024, there has been no change in the guideline value.

What are the other streets in Venmanamputhur with the same guideline value?

Several other streets in Venmanamputhur also have a guideline value of Rs 200 per sq.ft, including Arumuga Nagar / Annex, Asta Lakshmi Nagar, and Bathel Nagar.

What fees are involved in property registration in Annai Nagar?

The fees involved in property registration include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Annai Nagar?

The Tiruvallur Joint 1 Sub Registrar Office covers Annai Nagar and is located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.