Guideline Value for Annai Indra Royal city

Annai Indra Royal city guideline value

The current guideline value of Annai Indra Royal city is Rs 1,000 per sq.ft, effective from 1 July 2024. This property is located in Sriperumbudur A village, under the Sriperumpudur SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Annai Indra Royal city has changed

The guideline value for Annai Indra Royal city has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which remained unchanged in the 2023 revision. As of the 2024 revision, the guideline value is Rs 1,000 per sq.ft, marking a significant increase of 49% from the 2017 figure.

Between the 2023 and 2024 revisions, there was no change in the guideline value, maintaining it at Rs 1,000 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Annai Indra Royal city above this median.

• Annai Indra Ganthi Nagar: Rs 400 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 Royal city

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Indra Royal city?

The Sub Registrar Office that covers Annai Indra Royal city 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 during the registration of property transactions in Sriperumbudur A. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps in determining the official value of the property. This value is essential for both buyers and sellers to understand the financial implications of their transactions, particularly regarding taxes and fees.

Frequently asked questions

What is the current guideline value of Annai Indra Royal city?

The current guideline value of Annai Indra Royal city is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2024, representing a 49% increase. There was no change from 2023 to 2024.

What are the other streets in Sriperumbudur A?

Other streets in Sriperumbudur A include Annai Indra Ganthi Nagar, Annai Avenue, Annai Velankanni Nagar, Annai Velankanni Nagar(SF No.1032), Anna Nagar, and Ammbal Nagar, with varying guideline values.

What is the registration fee for property in Annai Indra Royal city?

The registration fee is calculated based on the guideline value, which for a 1,000 sq.ft plot at Rs 1,000 per sq.ft would be Rs 20,000 at a rate of 2%.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Annai Indra Royal city is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information by visiting the provided link.