Guideline Value for ANNAI RAJESWARAI NAGAR

Annai Rajeswarai Nagar guideline value

The current guideline value of Annai Rajeswarai Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Kovilkuppam village, under the Manavalanagar SRO, and is classified as Residential Class III Type - I.

How the guideline value of Annai Rajeswarai Nagar has changed

The guideline value has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 300 per sq.ft. In 2017, this value decreased to Rs 201 per sq.ft, marking a decline of 33%. However, by 2023, the value increased significantly to Rs 300 per sq.ft, representing a 49% increase from the 2017 figure. The current revision in 2024 maintains this value at Rs 300 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Kovilkuppam

Kovilkuppam village has a total of 68 streets under the Manavalanagar SRO, with guideline values ranging from Rs 300 to Rs 800 per sq.ft. The median guideline value in this area is Rs 350 per sq.ft, positioning Annai Rajeswarai Nagar below this median value.

• A.K.N.Nagar Part VII: Rs 375 per sq.ft (2024)
• Akn Nagar Part 4: Rs 300 per sq.ft (2024)
• Akn Nagar Part 1: Rs 300 per sq.ft (2024)
• Akn Nagar: Rs 300 per sq.ft (2024)
• Balaji Avenue: Rs 450 per sq.ft (2024)
• Bala Murugan Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Rajeswarai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making a total of Rs 27,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Rajeswarai Nagar?

The Sub Registrar Office that covers Annai Rajeswarai Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Kovilkuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai Rajeswarai Nagar?

The current guideline value of Annai Rajeswarai Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 300 per sq.ft, which is the same as in 2023. The value was Rs 201 per sq.ft in 2017 and Rs 300 per sq.ft in 2012.

What is the stamp duty rate for properties in Annai Rajeswarai Nagar?

The stamp duty rate for properties in Annai Rajeswarai Nagar is 7% of the guideline value or the sale price, whichever is higher.

What is the registration fee for properties in this area?

The registration fee for properties in Annai Rajeswarai Nagar is 2% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for this area?

The Sub Registrar Office for Annai Rajeswarai Nagar is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.