Guideline Value for Annai Indhra Nagar

Annai Indhra Nagar guideline value

The current guideline value of Annai Indhra Nagar, located in Srinivasapuram village under the Kunrathur SRO, is Rs 1,550 per sq.ft, effective from 1 July 2024. This area falls under Residential Class I Type - I land classification.

How the guideline value of Annai Indhra Nagar has changed

The guideline value for Annai Indhra Nagar has seen several revisions over the years. In 2003, the value was Rs 56 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2007. The value then rose dramatically by 250% to Rs 1,400 per sq.ft in 2012. However, it decreased by 33% to Rs 938 per sq.ft in 2017. The subsequent revision in 2023 marked an increase of 49%, bringing the value to Rs 1,400 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 1,550 per sq.ft, reflecting an increase of 11% from the previous year.

It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Srinivasapuram

In Srinivasapuram, there are 39 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,550 to Rs 7,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Annai Indhra Nagar's 2024 figure below that median.

• Alliance Boungain Villea: Rs 1,550 per sq.ft (2024)
• Arumugam Nagar: Rs 2,000 per sq.ft (2024)
• A.D.L. Velayutham Nagar: Rs 1,550 per sq.ft (2024)
• Balaji Nagar Annexe: Rs 1,550 per sq.ft (2024)
• Gajalakshmi Nagar: Rs 2,000 per sq.ft (2024)
• Indira Nagar: Rs 1,550 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Indhra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value amounts to Rs 15,50,000. The stamp duty at 7% would be Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, bringing the total cost for these fees to Rs 1,39,500. 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 further assistance.

Which Sub Registrar Office covers Annai Indhra Nagar?

The Sub Registrar Office that covers Annai Indhra Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Srinivasapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Annai Indhra Nagar?

The current guideline value of Annai Indhra Nagar is Rs 1,550 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 56 per sq.ft in 2003 to Rs 1,550 per sq.ft in 2024, reflecting an overall increase of 2668% over the years.

What is the median guideline value in Srinivasapuram?

The median guideline value in Srinivasapuram is Rs 1,650 per sq.ft, with Annai Indhra Nagar's 2024 figure being below this median.

What are the stamp duty and registration fees for property in Annai Indhra Nagar?

For a property valued at Rs 15,50,000, the stamp duty would be Rs 1,08,500 and the registration fee would be Rs 31,000, totaling Rs 1,39,500.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.