Guideline Value for Annai Anjugam Nagar, Chennai 82

Annai Anjugam Nagar, Chennai 82 guideline value

The current guideline value for Annai Anjugam Nagar, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024. This area falls under Ayanavaram village and is classified as Residential Class II Type - I under the AnnaNagar SRO.

How the guideline value of Annai Anjugam Nagar, Chennai 82 has changed

Over the years, the guideline value for Annai Anjugam Nagar has seen several revisions. The earliest recorded value in the register is from 2007, where it was Rs 1,200 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 233%. However, in 2017, the value dropped to Rs 2,680 per sq.ft, a decrease of 33%. The guideline value then rose to Rs 4,000 per sq.ft in 2023, followed by a further increase to Rs 4,400 per sq.ft in 2024, which represents a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 267%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayanavaram

In Ayanavaram, there are 369 streets under the AnnaNagar SRO that have a 2024 guideline value ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, indicating that the guideline value for Annai Anjugam Nagar is below this median.

• Anjugam Street: Rs 4,400 per sq.ft (2024)
• Annai Therasa Street: Rs 4,400 per sq.ft (2024)
• Ananda Vinayakar Street: Rs 4,400 per sq.ft (2024)
• Ananda Vinayagar koil street & 1st, 2nd street: Rs 4,400 per sq.ft (2024)
• Anandan Street: Rs 4,400 per sq.ft (2024)
• Amman Koil Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Anjugam Nagar, Chennai 82

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total charges to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Annai Anjugam Nagar, Chennai 82?

The Sub Registrar Office that covers Annai Anjugam Nagar is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value is a crucial factor when registering a property in Ayanavaram. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory during the transaction process. This value helps ensure that the property is registered at a fair price according to the local market standards.

When buying or selling property, the guideline value must be adhered to, as it reflects the government’s assessment of property values in the area. Buyers should be aware that the registration fees and stamp duty are based on this value, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Annai Anjugam Nagar?

The current guideline value of Annai Anjugam Nagar, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What is the land classification for Annai Anjugam Nagar?

Annai Anjugam Nagar is classified as Residential Class II Type - I under the AnnaNagar SRO.

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

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for property in Annai Anjugam Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.