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Guideline Value

Corporate

Guideline Value for ANNAI VELANKANNI NAGAR ANNEX

₹550/sq.ft.

The guideline value for Annai Velankanni Nagar Annex in Pothur village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pothur

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Annai Velankanni Nagar Annex

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Annai Velankanni Nagar Annex guideline value

The current guideline value of Annai Velankanni Nagar Annex is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Pothur village and falls under the Redhills SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Annai Velankanni Nagar Annex has changed

The guideline value for Annai Velankanni Nagar Annex has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 500 per sq.ft. This was followed by a decrease to Rs 335 per sq.ft in the 2017 revision, marking a decline of 33%. However, the 2023 revision increased the value to Rs 500 per sq.ft, and the most recent 2024 revision raised it further to Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

In summary, the guideline value has changed as follows: from Rs 500 in 2012 to Rs 335 in 2017, then back up to Rs 500 in 2023, and finally to Rs 550 in 2024. There are no recorded figures for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Pothur

Pothur village has a total of 98 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, which is the same as the current value for Annai Velankanni Nagar Annex.

Stamp duty and registration fee for property in Annai Velankanni Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. 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 information.

Which Sub Registrar Office covers Annai Velankanni Nagar Annex?

The Sub Registrar Office that covers Annai Velankanni Nagar Annex is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

When buying or selling property in Pothur, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is used as a benchmark to assess the value of the property for legal and taxation purposes, ensuring that the transaction is recorded accurately.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of property transactions. The registration office uses this value to calculate the applicable fees, which are mandatory for completing the registration process.

Frequently asked questions

What is the current guideline value of Annai Velankanni Nagar Annex?

The current guideline value of Annai Velankanni Nagar Annex is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 in 2012 to Rs 335 in 2017, then back to Rs 500 in 2023, and finally to Rs 550 in 2024.

What is the land classification for Annai Velankanni Nagar Annex?

The land classification for Annai Velankanni Nagar Annex is Residential Class I Type - I.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Pothur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at a rate of 7%.