Guideline Value for ANNAI THERESA NAGAR

Annai Theresa Nagar guideline value

The current guideline value of Annai Theresa Nagar is Rs 840 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village under the Avadi SRO and is classified as Residential Class II Type - II.

How the guideline value of Annai Theresa Nagar has changed

The guideline value for Annai Theresa Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 536 per sq.ft. This increased significantly to Rs 800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 brought the guideline value to Rs 840 per sq.ft, reflecting a 5% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 57%.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value in this area is Rs 750 per sq.ft, placing Annai Theresa Nagar's 2024 figure above that median.

• Annai Indira Nagar Phase-IV: Rs 750 per sq.ft (2024)
• Annai Indira Nagar Phase-III,IV,V,VI: Rs 750 per sq.ft (2024)
• Annai Indira Nagar Phase-II, Annex-II,III,IV: Rs 750 per sq.ft (2024)
• Annai Indira Nagar Phase-I, Annex-I: Rs 750 per sq.ft (2024)
• Antony Nagar: Rs 1,200 per sq.ft (2024)
• Antony Nagar & Streets: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Theresa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, leading to a total of Rs 75,600. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Theresa Nagar?

The Sub Registrar Office that covers Annai Theresa Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruninravur-A. 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 stamp duties and registration fees.

When a property is sold, the sale price is compared to the guideline value. The higher of the two amounts is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Annai Theresa Nagar?

The current guideline value of Annai Theresa Nagar is Rs 840 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 536 per sq.ft to Rs 840 per sq.ft in 2024, marking an overall increase of 57%.

What is the registration office for Annai Theresa Nagar?

The registration office for Annai Theresa Nagar is the Avadi Sub Registrar Office, located in Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai.

What are the stamp duty rates applicable in Annai Theresa Nagar?

The stamp duty rate applicable in Annai Theresa Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Are there other streets with guideline values in Thiruninravur-A?

Yes, there are several other streets in Thiruninravur-A with guideline values ranging from Rs 440 to Rs 2,750 per sq.ft, with the median value being Rs 750 per sq.ft.