Guideline Value for Annai Anjugam Nagar

Annai Anjugam Nagar guideline value

The current guideline value of Annai Anjugam Nagar is Rs 5,500 per sq.ft, effective from 1 July 2024. This area is located in Naduvakkarai village and falls under the AnnaNagar SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Annai Anjugam Nagar has changed

The guideline value for Annai Anjugam Nagar has seen several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 3,350 per sq.ft. This increased to Rs 5,000 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 set the guideline value at Rs 5,500 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Naduvakkarai

Naduvakkarai village has a total of 148 streets under the AnnaNagar SRO, with guideline values ranging from Rs 3,300 to Rs 15,900 per sq.ft as of 2024. The median value for these streets is Rs 11,500 per sq.ft, indicating that the guideline value for Annai Anjugam Nagar is below this median.

• Anna Adarsh Working Women Hostel: Rs 11,000 per sq.ft (2024)
• AM- Block 14th Main Road: Rs 12,600 per sq.ft (2024)
• Anna Street, New Colony: Rs 5,400 per sq.ft (2024)
• Ambedkat Street: Rs 3,300 per sq.ft (2024)
• Ambedkar Streeet, New Colony: Rs 5,400 per sq.ft (2024)
• Ambedkar Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Anjugam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total cost for these fees to Rs 4,95,000. 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 Annai Anjugam Nagar?

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 the Nolambur Eb Office. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property in Naduvakkarai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When a property transaction occurs, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai Anjugam Nagar?

The current guideline value of Annai Anjugam Nagar is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 3,350 per sq.ft in 2017 to Rs 5,500 per sq.ft in 2024. This represents an overall increase of 64% over the seven-year period.

What is the land classification for Annai Anjugam Nagar?

Annai Anjugam Nagar is classified as Residential Class I Type - III. This classification affects the guideline value set for the area.

What are the stamp duty rates applicable in Annai Anjugam Nagar?

The stamp duty rate applicable in Annai Anjugam Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Annai Anjugam Nagar is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. You can find more details online.