Guideline Value for ANNAMALAI NAGAR

Annamalai Nagar guideline value

The current guideline value of Annamalai Nagar, located in Thadaperumbakkam village under the Ponneri SRO, is Rs 600 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Annamalai Nagar has changed

The guideline value for Annamalai Nagar has seen several revisions over the years. In the 2012 revision, the value was Rs 200 per sq.ft, which decreased to Rs 134 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 348%, bringing the value back to Rs 600 per sq.ft, which remained unchanged in the 2023 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2024, the overall increase in the guideline value is 200%, with the current rate of Rs 600 per sq.ft reflecting a stable position since 2023. The 2024 revision shows no change from the previous year, indicating a consistent valuation for this street.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft. The median value for these streets is Rs 501 per sq.ft, placing Annamalai Nagar's 2024 figure above this median.

• Annai Abirami Nagar: Rs 501 per sq.ft (2024)
• Arumuga Mudaliar Nagar: Rs 500 per sq.ft (2024)
• Arumuga Mudhaliyar Nagar: Rs 500 per sq.ft (2024)
• Ali Nagar: Rs 1,500 per sq.ft (2024)
• A.G.M. Green Garden: Rs 501 per sq.ft (2024)
• Aarumuga Mudaliyar Nagar Extention: Rs 600 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 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total cost for these fees to Rs 54,000. 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 further calculations.

Which Sub Registrar Office covers Annamalai Nagar?

The Sub Registrar Office that covers Annamalai Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value plays a crucial role during property transactions in Thadaperumbakkam. It is the benchmark used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This ensures that the government receives the appropriate revenue from property transactions.

When registering a property, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This process helps maintain transparency and standardization in property transactions across the region.

Frequently asked questions

What is the current guideline value of Annamalai Nagar?

The current guideline value of Annamalai Nagar is Rs 600 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2012 to Rs 600 per sq.ft in 2024, with a notable increase of 348% from 2017 to 2023. There were no figures available for the years 2002, 2003, and 2007.

What is the median guideline value in Thadaperumbakkam?

The median guideline value for streets in Thadaperumbakkam is Rs 501 per sq.ft. Annamalai Nagar's current guideline value is above this median.

What fees are associated with property transactions in Annamalai Nagar?

For property transactions in Annamalai Nagar, the stamp duty is 7% of the guideline value, and the registration fee is 2%. Together, these fees can add a significant amount to the overall cost of purchasing property.

Where is the Sub Registrar Office for Annamalai Nagar located?

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