Guideline Value for ANNALAKSHMI NAGAR MAIN ROAD

Annalakshmi Nagar Main Road guideline value

The current guideline value of Annalakshmi Nagar Main Road is Rs 660 per sq.ft, effective from 1 July 2024. This road is located in Koladi village, under the Chennai South Joint II SRO, and falls under the Residential Class II Type - III land classification.

How the guideline value of Annalakshmi Nagar Main Road has changed

The guideline value for Annalakshmi Nagar Main Road has undergone several revisions over the years. In the 2012 revision, the value was Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased to Rs 600 per sq.ft in the 2023 revision, and finally, it reached Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased significantly by 49%. Overall, from 2012 to 2024, 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 Koladi

In Koladi village, there are 175 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 4,000 per sq.ft, with a median of Rs 1,100 per sq.ft. Annalakshmi Nagar Main Road's 2024 figure is below that median.

• Annalakshmi Nagar Cross Road: Rs 660 per sq.ft (2024)
• Annalakshmi Nagar: Rs 660 per sq.ft (2024)
• Anna Street: Rs 880 per sq.ft (2024)
• Aravamuthu Street: Rs 660 per sq.ft (2024)
• Arjuna Medu: Rs 880 per sq.ft (2024)
• Arjuna Medu Road: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Annalakshmi Nagar Main Road

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annalakshmi Nagar Main Road?

The Sub Registrar Office that covers Annalakshmi Nagar Main Road is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Koladi, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Annalakshmi Nagar Main Road?

The current guideline value of Annalakshmi Nagar Main Road is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Annalakshmi Nagar Main Road?

Annalakshmi Nagar Main Road falls under the Residential Class II Type - III land classification.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Annalakshmi Nagar Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in Koladi?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,60,000, the stamp duty would be calculated at 7% of that amount.