Guideline Value for ANNAMMAL NAGAR

Annammal Nagar guideline value

The current guideline value for Annammal Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under Kizhnallathur & Melnallathur village and is classified as Residential Class II Type - II. The guideline value is essential for property transactions in this region.

How the guideline value of Annammal Nagar has changed

Over the years, the guideline value for Annammal Nagar has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 200 per sq.ft. The 2017 revision marked a significant increase to Rs 134 per sq.ft, which was a 33% decrease from the 2012 figure. However, from 2017 to 2023, there was a notable increase of 49%. Currently, the 2024 revision maintains the 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. Therefore, the only revisions available are from 2012, 2017, 2023, and 2024.

Guideline values in Kizhnallathur & Melnallathur

In Kizhnallathur & Melnallathur, there are 67 streets under the Manavalanagar SRO with a 2024 guideline value ranging from Rs 175 to Rs 1,201 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Annammal Nagar's 2024 figure below this median.

• Annai Thangam Nagar: Rs 250 per sq.ft (2024)
• Annai Saroja Nagar: Rs 226 per sq.ft (2024)
• Annai Indira Nagar: Rs 250 per sq.ft (2024)
• Annai Bhavani Nagar: Rs 200 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 200 per sq.ft (2024)
• Ellappa Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Annammal Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the 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, totaling 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annammal Nagar?

The Sub Registrar Office that covers Annammal Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kizhnallathur & Melnallathur

The guideline value plays a crucial role in property transactions in Kizhnallathur & Melnallathur. It is used to determine the stamp duty and registration fees during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations and avoid any discrepancies.

When registering a property, the guideline value serves as a benchmark for taxation purposes. It is essential for both buyers and sellers to be aware of the current guideline value to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Annammal Nagar?

The current guideline value of Annammal 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 from 2012 to 2024, with a notable increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the land classification for Annammal Nagar?

Annammal Nagar is classified as Residential Class II Type - II, which is relevant for property transactions in this area.

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

The Sub Registrar Office for Annammal Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft would incur a total stamp duty and registration fee of Rs 18,000.