Guideline Value for ANNAI RAJAMMAL NAGAR

Annai Rajammal Nagar guideline value

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

How the guideline value of Annai Rajammal Nagar has changed

The guideline value for Annai Rajammal Nagar has undergone several revisions. In the 2017 revision, the value was Rs 167 per sq.ft. This increased significantly to Rs 250 per sq.ft in the 2023 revision, marking a 50% rise. The most recent 2024 revision set the value at Rs 275 per sq.ft, reflecting a further increase of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Aangadu

In Aangadu, there are 23 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 1,200 per sq.ft. The median value is Rs 275 per sq.ft, which is equal to the guideline value of Annai Rajammal Nagar.

• Bharathi Nagar: Rs 220 per sq.ft (2024)
• Gandhi Street: Rs 275 per sq.ft (2024)
• Marutham Royal Park Phase-1: Rs 1,200 per sq.ft (2024)
• Marutham Royal Park Phase-2: Rs 1,200 per sq.ft (2024)
• Marutham Royal Park Phase-4: Rs 1,200 per sq.ft (2024)
• Muthumariamman Koil 2nd Street: Rs 275 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Rajammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value is Rs 2,75,000. The stamp duty at 7% would amount to Rs 19,250, while 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 use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Annai Rajammal Nagar?

The Sub Registrar Office that covers Annai Rajammal Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property in Aangadu, as it determines the minimum value at which a property can be sold or purchased. During the registration process, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately with the authorities.

Frequently asked questions

What is the current guideline value of Annai Rajammal Nagar?

The current guideline value of Annai Rajammal Nagar is Rs 275 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 167 per sq.ft to Rs 275 per sq.ft, which is an overall increase of 65% over the years.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 2,75,000, the stamp duty would be Rs 19,250, and the registration fee would be Rs 5,500, totaling Rs 24,750.

Which office handles registrations for Annai Rajammal Nagar?

The Redhills Sub Registrar Office handles registrations for Annai Rajammal Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

Are there other streets in Aangadu with different guideline values?

Yes, there are other streets in Aangadu with varying guideline values, ranging from Rs 220 to Rs 1,200 per sq.ft, with the median being Rs 275 per sq.ft.