Guideline Value for Annai Arul Nagar

Annai Arul Nagar guideline value

The current guideline value of Annai Arul Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Naduveerapattu village, under the Padappai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Annai Arul Nagar has changed

The guideline value for Annai Arul Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 500 per sq.ft. This figure remained the same until the 2017 revision when it dropped to Rs 335 per sq.ft, marking a decrease of 33%. The value then increased to Rs 500 per sq.ft in the 2023 revision, and subsequently rose to Rs 550 per sq.ft in the 2024 revision, reflecting a 10% increase.

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

Guideline values in Naduveerapattu

Naduveerapattu has a total of 96 streets under the Padappai SRO, with guideline values ranging from Rs 330 to Rs 2,500 per sq.ft as of 2024. The median guideline value in this area is Rs 660 per sq.ft, placing Annai Arul Nagar's 2024 figure below that median.

• Annai Anandha Nagar: Rs 660 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 Arul Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that the 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 more information.

Which Sub Registrar Office covers Annai Arul Nagar?

The Sub Registrar Office that covers Annai Arul Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Naduveerapattu. It serves as a benchmark for determining 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, it is essential to consider the guideline value as it affects the overall transaction costs. Buyers should be aware that the stamp duty is calculated based on the higher amount between the guideline value and the sale price, which can impact their financial planning.

Frequently asked questions

What is the current guideline value of Annai Arul Nagar?

The current guideline value of Annai Arul Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification of Annai Arul Nagar?

Annai Arul Nagar is classified as Residential Class I Type - I.

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

The registration office for Annai Arul 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 Arul Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 38,500.