Guideline Value for ANNATHUR NEW CITY PHASE-II

Annathur New City Phase-II guideline value

The current guideline value of Annathur New City Phase-II is Rs 101 per sq.ft, effective from 1 July 2024. This property is located in Annathoor village, under the Salavakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Annathur New City Phase-II has changed

The guideline value for Annathur New City Phase-II has seen several revisions over the years. The 2012 revision set the value at Rs 60 per sq.ft, which then decreased to Rs 40 per sq.ft in the 2017 revision. Following this, there was a significant increase of 150% to Rs 100 per sq.ft in the 2023 revision, and the most recent 2024 revision raised it slightly to Rs 101 per sq.ft, marking a 1% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 68%.

Guideline values in Annathoor

In Annathoor village, there are 9 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 104 per sq.ft, with the median being Rs 101 per sq.ft. Annathur New City Phase-II's 2024 figure aligns with this median.

• Annathur New City Phase-I: Rs 101 per sq.ft (2024)
• Annathur New City Phase-III: Rs 101 per sq.ft (2024)
• Annathur New City Phase-IV: Rs 101 per sq.ft (2024)
• Annathur New City Phase-V: Rs 101 per sq.ft (2024)
• Annathur New City Phase-VI: Rs 101 per sq.ft (2024)
• Annathur New City Phase-VII: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Annathur New City Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 101 per sq.ft, the total guideline value would be Rs 1,01,000. The stamp duty at 7% would amount to Rs 7,070, and the registration fee at 2% would be Rs 2,020, bringing the total fees to Rs 9,090. 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 Annathur New City Phase-II?

The Sub Registrar Office that covers Annathur New City Phase-II is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Annathoor. It determines the stamp duty and registration fees that must be paid, ensuring that the transaction is officially recorded with the government.

When a property is sold, the guideline value serves as a benchmark for calculating taxes and fees, which helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Annathur New City Phase-II?

The current guideline value of Annathur New City Phase-II is Rs 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2012 to Rs 40 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023, and finally to Rs 101 per sq.ft in 2024.

What are the other streets in Annathoor with their guideline values?

Other streets in Annathoor include Annathur New City Phase-I, Phase-III, Phase-IV, Phase-V, and Phase-VI, all at Rs 101 per sq.ft, and Annathur New City Phase-VII at Rs 100 per sq.ft for 2024.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate would incur a total fee of Rs 9,090.

Where is the Sub Registrar Office for Annathur New City Phase-II located?

The Salavakkam Sub Registrar Office is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.