Guideline Value for ANNAMALAI NAGAR

Annamalai Nagar guideline value

The current guideline value of Annamalai Nagar, located in Thadaperumbakkam_2 village under the Ponneri SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Annamalai Nagar has changed

The guideline value for Annamalai Nagar has seen several revisions over the years. In the 2017 revision, the value was Rs 134 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 300 per sq.ft. The latest revision in 2024 maintains the same value of Rs 300 per sq.ft, indicating no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 124%. Overall, from the 2017 revision to the current 2024 revision, the guideline value has also increased by 124%.

Guideline values in Thadaperumbakkam_2

In Thadaperumbakkam_2, there are 23 streets under the Ponneri SRO that have a 2024 guideline value ranging from Rs 300 to Rs 600 per sq.ft, with the median being Rs 300 per sq.ft. Annamalai Nagar's 2024 figure aligns perfectly with this median.

• Annai Abirami Nagar: Rs 300 per sq.ft (2024)
• A.G.M. Green Garden: Rs 300 per sq.ft (2024)
• Aarumuga Mudaliyar Nagar Extention: Rs 600 per sq.ft (2024)
• Bharath Nagar: Rs 300 per sq.ft (2024)
• Chennai City: Rs 400 per sq.ft (2024)
• Devaki Green Garden: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Annamalai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

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. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thadaperumbakkam_2

The guideline value is a crucial factor during the registration of property transactions in Thadaperumbakkam_2. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both parties. It helps in establishing a fair transaction amount and ensures compliance with local regulations regarding property registration.

Frequently asked questions

What is the current guideline value of Annamalai Nagar?

The current guideline value of Annamalai Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since the 2023 revision. It increased from Rs 134 per sq.ft in 2017 to Rs 300 per sq.ft, marking a 124% increase over that period.

What is the land classification for Annamalai Nagar?

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

Where can I find the Sub Registrar Office for Annamalai Nagar?

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

How is the stamp duty calculated for properties in Annamalai Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot valued at Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000, leading to a stamp duty of Rs 21,000.