Guideline Value for ANNAI PADMAVATHI NAGAR

Annai Padmavathi Nagar guideline value

The current guideline value of Annai Padmavathi Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Perumanthangal village, under the Chengleput Joint II SRO, and is classified as Mixed Type - I land.

How the guideline value of Annai Padmavathi Nagar has changed

Over the years, the guideline value for Annai Padmavathi Nagar has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,005 per sq.ft. This was a significant drop of 33%. The value then increased to Rs 1,500 per sq.ft in the 2023 revision and has stayed the same in the 2024 revision, showing no change from the previous year.

From 2017 to 2023, there was a notable increase of 49%. When looking at the overall change from the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 1,500 per sq.ft.

Guideline values in Perumanthangal

In Perumanthangal, there are four streets under the Chengleput Joint II SRO that have a 2024 guideline value, ranging from Rs 300 to Rs 1,500 per sq.ft. The median value for these streets is Rs 900 per sq.ft, placing Annai Padmavathi Nagar above this median.

• Royal Garden: Rs 300 per sq.ft (2024)
• Srinivasa Palms @ Perumalthangal: Rs 1,500 per sq.ft (2024)
• Sri Padmavathy Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Padmavathi Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Padmavathi Nagar?

The Sub Registrar Office that covers Annai Padmavathi Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perumanthangal. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the guideline value is set by the government and is subject to periodic revisions.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency in property transactions and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Annai Padmavathi Nagar?

The current guideline value of Annai Padmavathi Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

What are the other streets in Perumanthangal with guideline values?

Other streets in Perumanthangal include Royal Garden at Rs 300 per sq.ft, Srinivasa Palms @ Perumalthangal at Rs 1,500 per sq.ft, and Sri Padmavathy Nagar at Rs 300 per sq.ft for 2024.

What is the stamp duty percentage for property in Annai Padmavathi Nagar?

The stamp duty for property in Annai Padmavathi Nagar is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Annai Padmavathi Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.