Guideline Value for ANNAI VELANKANNI NAGAR

Annai Velankanni Nagar guideline value

The current guideline value of Annai Velankanni Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Annai Velankanni Nagar has changed

The guideline value for Annai Velankanni Nagar has remained stable at Rs 700 per sq.ft since the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 469 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2024, the guideline value has increased by 49%. The 2024 revision maintains the same value as the previous year, indicating no change from 2023 to 2024.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, which aligns with the current value for Annai Velankanni Nagar.

• Annai Velankanni Nagar (SF No.1032): Rs 1,200 per sq.ft (2024)
• Anna Nagar: Rs 700 per sq.ft (2024)
• Annai Indra Royal city: Rs 1,000 per sq.ft (2024)
• Annai Indra Ganthi Nagar: Rs 400 per sq.ft (2024)
• Annai Avenue: Rs 700 per sq.ft (2024)
• Ammbal Nagar: Rs 700 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 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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 information.

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

The guideline value is a crucial reference point for property transactions in Sriperumbudur A. It is used to determine the stamp duty and registration fees that must be paid during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and fairly, reflecting the official valuation of the property. It is important for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Annai Velankanni Nagar?

The current guideline value of Annai Velankanni Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since the 2023 revision, with a significant increase of 49% from Rs 469 per sq.ft in 2017 to 2023. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification of Annai Velankanni Nagar?

Annai Velankanni Nagar is classified as Residential Class III Type - I, indicating its suitability for residential development.

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.

How is stamp duty calculated for property in Annai Velankanni Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 700 per sq.ft results in a total guideline value of Rs 7,00,000, with corresponding fees for stamp duty and registration.