Guideline Value for Annai Indira Nagar Extension

Annai Indira Nagar Extension guideline value

The current guideline value of Annai Indira Nagar Extension is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village, under the jurisdiction of the Sembiam SRO. The land classification for this region is Residential Class II Type - I.

How the guideline value of Annai Indira Nagar Extension has changed

The guideline value has undergone several revisions over the years. The earliest recorded value was Rs 1,000 per sq.ft in 2007, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 150% rise. However, this was followed by a decrease to Rs 1,675 per sq.ft in 2017, showing a decline of 33%. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, an increase of 61% from 2017.

There are no figures available for the revisions in 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 170%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Annai Indira Nagar Extension is below this median.

• Annai Nagar: Rs 2,700 per sq.ft (2024)
• Annai Sathiya Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Annai Sathiya Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Annai Sathiya Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Annai Sathiya Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Anjugam Nagar West: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Indira Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. It is important to note that 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 details.

Which Sub Registrar Office covers Annai Indira Nagar Extension?

The Annai Indira Nagar Extension falls under the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

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

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers must be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Annai Indira Nagar Extension?

The current guideline value of Annai Indira Nagar Extension is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, showing an overall increase of 170% over the years.

What are the other streets with the same guideline value in Kolathur?

Other streets in Kolathur with the same guideline value of Rs 2,700 per sq.ft in 2024 include Annai Nagar, Annai Sathiya Nagar 1st Street, 2nd Street, 3rd Street, and 4th Street.

What are the fees associated with buying property in Annai Indira Nagar Extension?

The fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office covering Annai Indira Nagar Extension is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.