Guideline Value for Annai Kamala Nagar

Annai Kamala Nagar guideline value

The current guideline value of Annai Kamala Nagar is Rs 4,290 per sq.ft, effective from 1 July 2024. This area is located in Porur village under the Kunrathur SRO, and the land classification is Mixed Special Type - II.

How the guideline value of Annai Kamala Nagar has changed

The guideline value for Annai Kamala Nagar has undergone several revisions over the years. The earliest recorded figure is from 2002, which is Rs 361 per sq.ft. This value increased to Rs 409 in 2003, marking a 13% rise. The 2007 revision saw a significant jump to Rs 1,297 per sq.ft, reflecting a 217% increase. In 2012, the value remained at Rs 3,900 per sq.ft, showing no recorded figure for this street in that year.

From 2012, the guideline value decreased to Rs 2,613 per sq.ft in 2017, which is a decline of 33%. However, it rebounded sharply to Rs 3,900 per sq.ft in 2023, followed by the current value of Rs 4,290 per sq.ft in 2024, which represents a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1,088%.

Guideline values in Porur

In Porur, a total of 530 streets under the Kunrathur SRO have a guideline value for 2024 ranging from Rs 2,860 to Rs 6,380 per sq.ft, with the median value being Rs 3,960 per sq.ft. The guideline value for Annai Kamala Nagar is above this median.

• Annai Sathya Nagar 8th Cross street: Rs 3,960 per sq.ft (2024)
• Annai Sathya Nagar IIIst Street: Rs 3,960 per sq.ft (2024)
• Annai Sathya Nagar II st Steet: Rs 3,960 per sq.ft (2024)
• Annai Sathya Nagar Ist Street: Rs 3,960 per sq.ft (2024)
• Annai Sathya Nagar IVth Street: Rs 3,960 per sq.ft (2024)
• Annai Sathya Nagar VIII th street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Kamala Nagar

For a 1,000 sq.ft plot at the current rate of Rs 4,290 per sq.ft, the guideline value would be Rs 42,90,000. The stamp duty at 7% would be Rs 3,00,300, and the registration fee at 2% would be Rs 85,800, bringing the total to Rs 3,86,100. 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 Kamala Nagar?

The Sub Registrar Office that covers Annai Kamala 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 Porur

The guideline value plays a crucial role in the registration process when buying or selling property in Porur. It is used to determine the stamp duty and registration fees that must be paid during the transaction. This ensures that the government receives the appropriate revenue based on the property's assessed value.

When a buyer or seller approaches the registration office, the guideline value is referenced to calculate the applicable duties. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Annai Kamala Nagar?

The current guideline value of Annai Kamala Nagar is Rs 4,290 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 361 in 2002 to Rs 4,290 in 2024, representing an overall increase of 1,088%.

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

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 3,86,100.

Which Sub Registrar Office covers Annai Kamala Nagar?

The Kunrathur Sub Registrar Office covers Annai Kamala Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of Annai Kamala Nagar?

The land classification of Annai Kamala Nagar is Mixed Special Type - II.