Guideline Value for Annai Indra Gandhi Nagar

Annai Indra Gandhi Nagar guideline value

The current guideline value of Annai Indra Gandhi Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This locality is situated in Kannampalayam village, under the jurisdiction of the Kunrathur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Annai Indra Gandhi Nagar has changed

The guideline value for Annai Indra Gandhi Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 150 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, this value dropped to Rs 536 per sq.ft in 2017. The 2023 revision raised it to Rs 800 per sq.ft, and the latest revision in 2024 has further increased it to Rs 880 per sq.ft.

From 2007 to 2024, the guideline value has risen by a total of 487%. The changes between the revisions are notable, with a 433% increase from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kannampalayam

Kannampalayam village has a total of 75 streets under the Kunrathur SRO, with guideline values ranging from Rs 765 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 1,375 per sq.ft, making the current value of Annai Indra Gandhi Nagar below that median.

• Annai Nagar Phase-I: Rs 1,970 per sq.ft (2024)
• Annai Nagar Phase II: Rs 1,970 per sq.ft (2024)
• Aravindh Nagar: Rs 1,650 per sq.ft (2024)
• Ambal Green City Extension: Rs 880 per sq.ft (2024)
• Ambal Green City: Rs 880 per sq.ft (2024)
• Alcherry Main Road: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Indra Gandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Indra Gandhi Nagar?

The Sub Registrar Office that covers Annai Indra Gandhi 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 Kannampalayam

The guideline value is a crucial factor in the registration process when buying or selling property in Kannampalayam. 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 registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Annai Indra Gandhi Nagar?

The current guideline value of Annai Indra Gandhi Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting a total increase of 487% over the years.

What is the median guideline value in Kannampalayam?

The median guideline value in Kannampalayam is Rs 1,375 per sq.ft, with Annai Indra Gandhi Nagar's current value being below this median.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 8,80,000, the total fees would amount to Rs 79,200.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of properties in Annai Indra Gandhi Nagar.