Guideline Value for ANNAI TERASA NAGAR

Annai Terasa Nagar guideline value

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

How the guideline value of Annai Terasa Nagar has changed

Over the years, the guideline value for Annai Terasa Nagar has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2023 revision. The 2017 revision recorded a lower value of Rs 335 per sq.ft, indicating a decrease of 33% from the previous figure. The 2023 revision returned the value to Rs 500 per sq.ft, maintaining this figure into 2024, which shows no change from the previous year.

In summary, from the 2012 revision to the 2024 revision, the overall guideline value has remained at Rs 500 per sq.ft, despite fluctuations in the intervening years. Notably, the guideline value increased by 49% from 2017 to 2023, but did not change from 2023 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Maiyur

In Maiyur village, there are 28 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 200 to Rs 700 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Annai Terasa Nagar's 2024 figure above that median.

• A.R.Garden: Rs 400 per sq.ft (2024)
• Aspire City: Rs 500 per sq.ft (2024)
• Golden Palar Gardens: Rs 400 per sq.ft (2024)
• Green City: Rs 400 per sq.ft (2024)
• Green Park Avenue: Rs 400 per sq.ft (2024)
• Hariyagrivar Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Terasa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. 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 details.

Which Sub Registrar Office covers Annai Terasa Nagar?

The Sub Registrar Office covering Annai Terasa Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Maiyur. It serves as a reference for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value is considered to ensure transparency and compliance with local regulations. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Annai Terasa Nagar?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2012 to 2024, with a notable increase of 49% from 2017 to 2023. The 2017 revision was Rs 335 per sq.ft, while the 2023 revision returned it to Rs 500 per sq.ft.

What are the guideline values of other streets in Maiyur?

Other streets in Maiyur have a guideline value ranging from Rs 200 to Rs 700 per sq.ft, with the median being Rs 400 per sq.ft. Annai Terasa Nagar's value is above this median.

What are the stamp duty and registration fees for properties in Annai Terasa Nagar?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000. These fees are based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Annai Terasa Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO using the provided link.