Guideline Value for ANNAMALAI NAGAR

Annamalai Nagar guideline value

The current guideline value of Annamalai Nagar, located in Aaladu village under the Ponneri SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Annamalai Nagar has changed

The guideline value for Annamalai Nagar has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 200 per sq.ft. This remained unchanged until the next revision in 2017, where it dropped to Rs 134 per sq.ft, reflecting a decrease of 33%. However, by the 2023 revision, the value increased significantly to Rs 200 per sq.ft, marking a 49% increase from the 2017 figure. The current revision in 2024 maintains this value at Rs 200 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Thus, the only revisions available are from 2012, 2017, 2023, and 2024.

Guideline values in Aaladu

Aaladu village has a total of 13 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft, with the median being Rs 200 per sq.ft. Annamalai Nagar's 2024 guideline value aligns with this median.

• Annai Nagar: Rs 200 per sq.ft (2024)
• Abirami Nagar: Rs 200 per sq.ft (2024)
• Duraiswami Nagar: Rs 200 per sq.ft (2024)
• Gomathi Amman Nagar: Rs 200 per sq.ft (2024)
• Illahi Nagar: Rs 200 per sq.ft (2024)
• Jayam Housing Site: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Annamalai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees together to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Annamalai Nagar?

The Annamalai Nagar area is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Aaladu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the local market conditions. This value is essential for both buyers and sellers to understand their financial obligations during the property registration process.

Frequently asked questions

What is the current guideline value of Annamalai Nagar?

The current guideline value of Annamalai Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, dropped to Rs 134 per sq.ft in 2017, and returned to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification of Annamalai Nagar?

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

What are the stamp duty and registration fees for property in Annamalai Nagar?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles property registrations for Annamalai Nagar?

The Ponneri Sub Registrar Office handles property registrations for Annamalai Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.