Guideline Value for ANNAI VELANKANNI NAGAR

Annai Velankanni Nagar guideline value

The current guideline value for Annai Velankanni Nagar, located in Azhakoor village under the Sriperumpudur SRO, is Rs 175 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Annai Velankanni Nagar has changed

Over the years, the guideline value for Annai Velankanni Nagar has seen several revisions. The register shows a value of Rs 110 per sq.ft in 2007, which increased to Rs 175 per sq.ft in 2012. In 2017, the value rose to Rs 117 per sq.ft, followed by a significant increase to Rs 175 per sq.ft in both 2023 and 2024. The revisions for 2002 and 2003 do not have figures listed for this street.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 50%. The overall change from 2007 to 2024 reflects a 59% increase, maintaining a consistent value of Rs 175 per sq.ft for the last two revisions.

Guideline values in Azhakoor

Azhakoor village has 18 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 350 per sq.ft. The median value for these streets is Rs 225 per sq.ft, making the guideline value for Annai Velankanni Nagar below the median.

• Azhakoor Palla Street: Rs 250 per sq.ft (2024)
• Bajanai Koil Street: Rs 141 per sq.ft (2024)
• Mettu Street: Rs 100 per sq.ft (2024)
• Padasalai Street: Rs 160 per sq.ft (2024)
• Pallatheru: Rs 250 per sq.ft (2024)
• Perumal Koil Street: Rs 175 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Velankanni Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 175 per sq.ft, the total guideline value amounts to Rs 1,75,000. The stamp duty at 7% would be Rs 12,250, and the registration fee at 2% would be Rs 3,500, leading to a total of Rs 15,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Velankanni Nagar?

The Sub Registrar Office that covers Annai Velankanni Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Azhakoor. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a legally recognized value.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with local regulations. This value helps in establishing a fair and transparent process during property transactions.

Frequently asked questions

What is the current guideline value for Annai Velankanni Nagar?

The current guideline value for Annai Velankanni Nagar is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent values being Rs 175 per sq.ft in 2023 and 2024. The value was Rs 117 per sq.ft in 2017 and Rs 175 per sq.ft in 2012.

What are the guideline values for other streets in Azhakoor?

Other streets in Azhakoor have varying guideline values, ranging from Rs 100 to Rs 350 per sq.ft. For example, Azhakoor Palla Street has a value of Rs 250 per sq.ft in 2024.

What fees are associated with buying property in Annai Velankanni Nagar?

When buying property, fees include stamp duty and registration fees, which are calculated based on the guideline value. For a plot valued at Rs 1,75,000, the total fees would amount to Rs 15,750.

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

The Sub Registrar Office for Annai Velankanni Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles all registration activities for the area.