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Guideline Value

Corporate

Guideline Value for ANNAI VELANKANNI NAGAR

₹550/sq.ft.

The guideline value for Annai Velankanni Nagar 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

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Annai Velankanni Nagar guideline value

The current guideline value of Annai Velankanni Nagar, located in Pothur village under the Redhills SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I 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 2012 revision set the value at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. This was a significant drop of 33%. However, in 2023, the value increased to Rs 500 per sq.ft, followed by a further increase to Rs 550 per sq.ft in 2024, marking a 10% rise from the previous year.

From 2017 to 2023, there was a substantial increase of 49%, bringing the value back up to Rs 500 per sq.ft. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pothur

In Pothur village, there are 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 is Rs 550 per sq.ft, which is equal to the current value of Annai Velankanni Nagar.

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 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total charges Rs 49,500. 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 Velankanni Nagar?

The Sub Registrar Office that covers Annai Velankanni Nagar 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 further assistance.

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

The guideline value plays a crucial role in property transactions in Pothur. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees. Buyers should be aware that these charges are based on the guideline value or the sale price, whichever is higher.

During the registration process, the guideline value ensures that the property is valued appropriately for taxation purposes. It is essential for both buyers and sellers to understand the guideline value to avoid any discrepancies 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 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 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and is currently Rs 550 per sq.ft in 2024.

What is the land classification of Annai Velankanni Nagar?

Annai Velankanni Nagar is classified as Residential Class I Type - I.

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

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

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

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