Guideline Value for ANNAPPAN NAGAR

Annappan Nagar guideline value

The current guideline value of Annappan Nagar is Rs 935 per sq.ft, effective from 1 July 2024. This area is located in Malayambakkam village and falls under the Kunrathur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Annappan Nagar has changed

The guideline value for Annappan Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 850 per sq.ft, which then decreased to Rs 569 per sq.ft in 2017. Following this, the value increased significantly to Rs 850 per sq.ft in 2023, and then rose to the current rate of Rs 935 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased 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 Malayambakkam

In Malayambakkam, there are 82 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 935 per sq.ft, which is equal to the current guideline value of Annappan Nagar.

• A.S.R. City: Rs 880 per sq.ft (2024)
• Anbu Nagar: Rs 935 per sq.ft (2024)
• Ayaan City: Rs 800 per sq.ft (2024)
• Bakthavatchalam Nagar: Rs 1,210 per sq.ft (2024)
• Balaji Nagar: Rs 935 per sq.ft (2024)
• Chinthamani Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Annappan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, and the registration fee at 2% would be Rs 18,700, making the total fees Rs 84,150. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annappan Nagar?

The Sub Registrar Office that covers Annappan Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Malayambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annappan Nagar?

The current guideline value of Annappan Nagar is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification for Annappan Nagar?

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

Where can I find the registration office for Annappan Nagar?

The registration office for Annappan Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Annappan Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 9,35,000, the stamp duty would be Rs 65,450 at 7%.