Guideline Value for Annai Gomathi Nagar

Annai Gomathi Nagar guideline value

The current guideline value of Annai Gomathi Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Vengal village under the Arani_Tiruvallur SRO and is classified as Residential Class III Type - II.

How the guideline value of Annai Gomathi Nagar has changed

The guideline value for Annai Gomathi Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 200 per sq.ft, which remains unchanged from the 2023 revision. The previous revision in 2017 recorded a guideline value of Rs 134 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

In summary, the guideline value has seen a consistent increase since the 2017 revision, with the current value of Rs 200 per sq.ft reflecting stability from the previous year. The absence of figures for earlier years indicates that the value has been more recently established and is now firmly set.

Guideline values in Vengal

In Vengal, there are 9 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 130 to Rs 281 per sq.ft. The median value among these streets is Rs 171 per sq.ft, positioning Annai Gomathi Nagar's 2024 figure above that median.

• Elumalai Nagar: Rs 150 per sq.ft (2024)
• James Garden: Rs 241 per sq.ft (2024)
• Lakshmi Nagar Phase-1: Rs 130 per sq.ft (2024)
• Nasic Nagar Phase-1: Rs 130 per sq.ft (2024)
• R.R.B. Nagar: Rs 171 per sq.ft (2024)
• Sri Nagathamman Nagar: Rs 281 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Gomathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, while the registration fee at 2% would be Rs 4,000, bringing the total fees together to Rs 18,000. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Annai Gomathi Nagar?

The Sub Registrar Office that covers Annai Gomathi Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. For more information, you can find your SRO.

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

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Vengal. It serves as a benchmark for the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This ensures that all transactions are conducted fairly and transparently, adhering to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Annai Gomathi Nagar?

The current guideline value of Annai Gomathi Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 134 per sq.ft in 2017 to 2023. There are no figures available for the years 2002, 2003, 2007, and 2012.

What are the stamp duty rates for property in Annai Gomathi Nagar?

The stamp duty rate for property transactions in Annai Gomathi Nagar is 7% of the guideline value or sale price, whichever is higher. There is also a registration fee of 2% applicable.

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

The Sub Registrar Office for Annai Gomathi Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.

How is the guideline value determined for properties in Vengal?

The guideline value for properties in Vengal is determined by the Registration Department and is based on various factors including land classification and market conditions. It is updated periodically to reflect changes and is used to calculate stamp duty and registration fees during property transactions.