Guideline Value for Annai Indra Ganthi Nagar

Annai Indra Ganthi Nagar guideline value

The current guideline value of Annai Indra Ganthi Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This village is part of the Sriperumpudur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Annai Indra Ganthi Nagar has changed

The guideline value for Annai Indra Ganthi Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft, which remained unchanged at Rs 400 per sq.ft in the 2023 revision and again in the 2024 revision, reflecting a 49% increase from 2017 to 2023 and maintaining the same rate thereafter. It is important to note that the register has no figure for this street for the years 2002, 2003, 2007, and 2012.

From the 2017 revision to the 2024 revision, there has been an overall increase of 49%. The consistent figure of Rs 400 per sq.ft from 2023 to 2024 indicates no change during that period.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value of Annai Indra Ganthi Nagar is below this median.

• Annai Indra Royal city: Rs 1,000 per sq.ft (2024)
• Annai Avenue: Rs 700 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 700 per sq.ft (2024)
• Annai Velankanni Nagar(SF No.1032): Rs 1,200 per sq.ft (2024)
• Anna Nagar: Rs 700 per sq.ft (2024)
• Ammbal Nagar: Rs 700 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total charges Rs 36,000. 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 Indra Ganthi Nagar?

The Sub Registrar Office covering Annai Indra Ganthi Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions within Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Annai Indra Ganthi Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What is the classification of land in Annai Indra Ganthi Nagar?

Annai Indra Ganthi Nagar is classified as Residential Class IV Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Annai Indra Ganthi Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Annai Indra Ganthi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 4,00,000 would incur a stamp duty of Rs 28,000 at 7%.