Guideline Value for Annai Indra Nagar

Annai Indra Nagar guideline value

The current guideline value of Annai Indra Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This locality is situated in Attanthangal village, under the Redhills SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Annai Indra Nagar has changed

The guideline value for Annai Indra Nagar has seen significant changes over the years. In the 2003 revision, the value was Rs 26 per sq.ft, which increased dramatically to Rs 200 per sq.ft in 2007. This was a staggering increase of 669%. Following that, the value doubled to Rs 400 per sq.ft in 2012, marking a 100% rise. However, in 2017, the value dropped to Rs 268 per sq.ft, a decrease of 33%. The value then rose again to Rs 400 per sq.ft in 2023, and finally, the current value is Rs 440 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1592%. Notably, there is no figure available for the year 2002 in the register for this street.

Guideline values in Attanthangal

In Attanthangal, there are 80 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 880 per sq.ft, with a median value of Rs 880 per sq.ft. Annai Indra Nagar's 2024 figure is below this median.

• Amarar M.G.R. Nagar: Rs 440 per sq.ft (2024)
• Adithya Garden: Rs 880 per sq.ft (2024)
• Bajanai Koil Street: Rs 880 per sq.ft (2024)
• Balaganear Nagar 10th Street: Rs 880 per sq.ft (2024)
• Bala Ganesar Nagar: Rs 880 per sq.ft (2024)
• Balaganesar Nagar 11th Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Indra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Indra Nagar?

The Sub Registrar Office that covers Annai Indra Nagar is the Redhills Sub Registrar Office. The address is Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Attanthangal. It serves as a reference point for determining the stamp duty and registration fees, ensuring that the transaction is officially recorded at a fair value as per the government’s assessment.

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

Frequently asked questions

What is the current guideline value of Annai Indra Nagar?

The current guideline value of Annai Indra Nagar is Rs 440 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 26 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 1592% over this period.

What is the land classification of Annai Indra Nagar?

Annai Indra Nagar falls under the Residential Class III Type - I land classification, indicating its designation for residential use.

Where can I find the registration office for Annai Indra Nagar?

The registration office for Annai Indra Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

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

Stamp duty for properties in Annai Indra Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.