Guideline Value for ANNAI RATHNAMANI NAGAR EXT

Annai Rathnamani Nagar Ext guideline value

The current guideline value of Annai Rathnamani Nagar Ext is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Thiruvellvoyal village under the Ponneri SRO, classified as Residential Class III Type - V.

How the guideline value of Annai Rathnamani Nagar Ext has changed

The guideline value for Annai Rathnamani Nagar Ext has seen several revisions over the years. In the 2012 revision, the value was set at Rs 150 per sq.ft, which increased to Rs 100 per sq.ft in 2017. Following this, the value remained unchanged at Rs 200 per sq.ft in both the 2023 and 2024 revisions.

Between the revisions, there was a 100% increase from the 2017 figure to the 2023 figure, while the value from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 33%.

Guideline values in Thiruvellvoyal

In Thiruvellvoyal, there are 12 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 200 per sq.ft, with a median value of Rs 200 per sq.ft. Annai Rathnamani Nagar Ext's 2024 figure aligns with this median.

• Annai Rathnamani Nagar: Rs 200 per sq.ft (2024)
• Chelliyamman Nagar: Rs 200 per sq.ft (2024)
• Dhandapani Nagar: Rs 200 per sq.ft (2024)
• Gowtham Nagar: Rs 200 per sq.ft (2024)
• Radha Mudaliar Nagar: Rs 200 per sq.ft (2024)
• Sai Sudha Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Rathnamani Nagar Ext

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Annai Rathnamani Nagar Ext?

The Sub Registrar Office covering Annai Rathnamani Nagar Ext is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruvellvoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This ensures that the transaction is recorded accurately in accordance with the prevailing regulations.

Frequently asked questions

What is the current guideline value of Annai Rathnamani Nagar Ext?

The current guideline value of Annai Rathnamani Nagar Ext 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 150 per sq.ft in 2012 to Rs 200 per sq.ft in 2024, with a notable increase of 100% from 2017 to 2023.

What is the land classification of Annai Rathnamani Nagar Ext?

Annai Rathnamani Nagar Ext is classified as Residential Class III Type - V.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the total costs amount to Rs 18,000.