Guideline Value for Annai Anandha Nagar

Annai Anandha Nagar guideline value

The current guideline value of Annai Anandha Nagar, located in Naduveerapattu village under the Padappai SRO, is Rs 660 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Annai Anandha Nagar has changed

The guideline value for Annai Anandha Nagar has seen several revisions over the years. In 2012, the value was Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in 2017, marking a decline of 33%. The value then increased significantly to Rs 600 per sq.ft in 2023, followed by a further increase to Rs 660 per sq.ft in 2024, reflecting a rise of 10% from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the figures from 2012 to 2024, there has been a modest increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Naduveerapattu

Naduveerapattu village has a total of 96 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 330 to Rs 2,500 per sq.ft. The median value is Rs 660 per sq.ft, which is equal to the current guideline value of Annai Anandha Nagar.

• Annai Arul Nagar: Rs 550 per sq.ft (2024)
• Anna Street: Rs 550 per sq.ft (2024)
• Anthaiya Samy Street: Rs 550 per sq.ft (2024)
• Anthoniyar Koil Street: Rs 550 per sq.ft (2024)
• Anthony Nagar: Rs 1,320 per sq.ft (2024)
• Anthonypuram: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Anandha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, making the total cost for these fees Rs 59,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Anandha Nagar?

The Sub Registrar Office that covers Annai Anandha Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

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

When buying or selling property, the guideline value helps both parties understand the fair value of the property. The buyer and seller may negotiate based on this value, but the registration must reflect at least the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Annai Anandha Nagar?

The current guideline value of Annai Anandha Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Annai Anandha Nagar?

Annai Anandha Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the registration office for Annai Anandha Nagar?

The registration office for Annai Anandha Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Annai Anandha Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at a rate of 7%.