Guideline Value for ANNATHUR NEW CITY PHASE-VI

Annathur New City Phase-VI guideline value

The current guideline value of Annathur New City Phase-VI is Rs 101 per sq.ft, effective from 1 July 2024. This property is located in Annathoor village, under the Salavakkam Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

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

The guideline value for Annathur New City Phase-VI has seen several revisions over the years. In 2012, the guideline value was Rs 60 per sq.ft, which increased to Rs 40 per sq.ft in 2017. Following this, there was a significant rise to Rs 100 per sq.ft in 2023, and the current value stands at Rs 101 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 revision to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a remarkable increase of 150%. Overall, from 2012 to 2024, the guideline value has increased by 68%.

Guideline values in Annathoor

In Annathoor, there are 9 streets under the Salavakkam SRO that have a 2024 guideline value ranging from Rs 100 to Rs 104 per sq.ft. The median value for these streets is Rs 101 per sq.ft, which is equal to the 2024 figure for Annathur New City Phase-VI.

• Annathur New City Phase-I: Rs 101 per sq.ft (2024)
• Annathur New City Phase-II: 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-VII: Rs 100 per sq.ft (2024)

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

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 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annathur New City Phase-VI?

The Sub Registrar Office that covers Annathur New City Phase-VI 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 details.

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

The guideline value is a crucial factor when registering property transactions in Annathoor. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It is essential to be aware of the current guideline value to understand the financial implications during the transaction process.

Frequently asked questions

What is the current guideline value for Annathur New City Phase-VI?

The current guideline value for Annathur New City Phase-VI 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 101 per sq.ft in 2024, with significant increases noted in the years 2017 and 2023.

What are the stamp duty and registration fees for property in Annathur New City Phase-VI?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 9,090.

Which office handles registrations for Annathur New City Phase-VI?

The Salavakkam Sub Registrar Office handles registrations for Annathur New City Phase-VI. It is located at 2/1a, Thottakkara Street, Salavakkam, 603 107.

What is the significance of the guideline value in property transactions?

The guideline value is used as a benchmark for property transactions, determining the minimum registration value and ensuring the correct payment of stamp duty and registration fees.