Guideline Value for ANNAI THANGAM NAGAR

Annai Thangam Nagar guideline value

The current guideline value of Annai Thangam Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Kizhnallathur & Melnallathur village, under the jurisdiction of the Manavalanagar SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Annai Thangam Nagar has changed

The guideline value for Annai Thangam Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft. However, from 2017 to 2023, the value increased by 50% back to Rs 250 per sq.ft, and this figure has been maintained in the 2024 revision as well, showing no change from the previous year.

Notably, the register has no figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value remains unchanged at Rs 250 per sq.ft.

Guideline values in Kizhnallathur & Melnallathur

In Kizhnallathur & Melnallathur, there are 67 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 1,201 per sq.ft. The median value is Rs 250 per sq.ft, which is equal to the current guideline value of Annai Thangam Nagar.

• Annai Saroja Nagar: Rs 226 per sq.ft (2024)
• Annammal Nagar: Rs 200 per sq.ft (2024)
• Annai Indira Nagar: Rs 250 per sq.ft (2024)
• Annai Bhavani Nagar: Rs 200 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 200 per sq.ft (2024)
• Ellappa Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Thangam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, leading to a total of Rs 22,500 for these charges. 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 Thangam Nagar?

The Sub Registrar Office that covers Annai Thangam Nagar is the Manavalanagar Sub Registrar Office. The address is Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kizhnallathur & Melnallathur

The guideline value plays a crucial role in the registration process of property transactions in Kizhnallathur & Melnallathur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is assessed to ensure that the correct fees are applied, and it is essential for both buyers and sellers to be aware of these values to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Annai Thangam Nagar?

The current guideline value of Annai Thangam Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since 2012, with a decrease to Rs 167 per sq.ft in 2017, followed by an increase back to Rs 250 per sq.ft in 2023 and 2024.

What are the stamp duty and registration fees for property in Annai Thangam Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 2,50,000, leading to a stamp duty of Rs 17,500 and a registration fee of Rs 5,000, totaling Rs 22,500.

Where is the Sub Registrar Office for Annai Thangam Nagar located?

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

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the correct fees are applied based on the assessed value of the property.