Guideline Value for Annai Abirami Nagar

Annai Abirami Nagar guideline value

The current guideline value of Annai Abirami Nagar, located in Ammanambakkam village under the Gooduvancheri SRO, is Rs 500 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Annai Abirami Nagar has changed

Over the years, the guideline value of Annai Abirami Nagar has seen several revisions. The 2007 revision set the value at Rs 175 per sq.ft, which increased significantly to Rs 500 per sq.ft in the 2012 revision. However, this was followed by a decrease to Rs 335 per sq.ft in the 2017 revision. From 2017 to 2023, the value rose by 49% to reach Rs 500 per sq.ft, which has remained unchanged in the 2024 revision.

The register has no figures for the years 2002 and 2003 for this street. Thus, the most recent revisions show a consistent value of Rs 500 per sq.ft from 2023 to 2024, with an overall increase of 186% from the 2007 revision to the current value in 2024.

Guideline values in Ammanambakkam

In Ammanambakkam village, there are 15 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 500 per sq.ft, with the median value being Rs 500 per sq.ft. Annai Abirami Nagar's 2024 figure matches this median.

• Alamelu Mangapuram: Rs 400 per sq.ft (2024)
• Arunachaleeswarar Farm land: Rs 400 per sq.ft (2024)
• Babu Nagar: Rs 400 per sq.ft (2024)
• David Nagar (Phase-1): Rs 500 per sq.ft (2024)
• David Nagar (Phase-1) Extn: Rs 500 per sq.ft (2024)
• David Nagar (Phase-2): Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Abirami Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, making a total of Rs 45,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Annai Abirami Nagar?

The Sub Registrar Office that covers Annai Abirami Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Ammanambakkam, the guideline value is a critical factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for property transactions, ensuring that the appropriate taxes are levied based on the value set by the registration department.

At the time of registration, the buyer must pay stamp duty based on the higher of the guideline value or the actual sale price. This practice helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Annai Abirami Nagar?

The current guideline value of Annai Abirami Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most significant increase occurring from Rs 175 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, followed by a decrease to Rs 335 per sq.ft in 2017, and then a return to Rs 500 per sq.ft in 2023 and 2024.

What is the stamp duty rate for property in Annai Abirami Nagar?

The stamp duty rate for property transactions in Annai Abirami Nagar is 7%, calculated on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Annai Abirami Nagar?

The Sub Registrar Office for Annai Abirami Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

What is the land classification for Annai Abirami Nagar?

The land classification for Annai Abirami Nagar is Residential Special Type - I, which is important for determining the applicable regulations and guidelines for property transactions in the area.