Guideline Value for Annai Nagar -II

Annai Nagar -II guideline value

The current guideline value for Annai Nagar -II, located in Molachoor village under the Sunguvarchattram SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Annai Nagar -II has changed

The guideline value for Annai Nagar -II has seen several revisions over the years. The most recent revisions show that in 2012, the value was Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. Following this, the value increased to Rs 500 per sq.ft in both 2023 and 2024, indicating a 49% increase from 2017 to 2023, but no change from 2023 to 2024.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 500 per sq.ft.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO that carry a guideline value for 2024, ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Annai Nagar -II's 2024 figure below that median.

• Annai Nagar-I: Rs 500 per sq.ft (2024)
• Annai Nagar-III: Rs 500 per sq.ft (2024)
• Annai Nagar-IV: Rs 500 per sq.ft (2024)
• Annai Nagar-V: Rs 500 per sq.ft (2024)
• Annai Santhiya Nagar: Rs 605 per sq.ft (2024)
• Annai Santhiya Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Nagar -II

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Nagar -II?

The Sub Registrar Office covering Annai Nagar -II is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Molachoor. It helps determine the stamp duty and registration fees that must be paid during the registration process. The guideline value ensures that the government receives appropriate revenue from property transactions.

When a property is sold, the sale price and the guideline value are compared, and the higher of the two is used to calculate the applicable duties and fees. This system helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value for Annai Nagar -II?

The current guideline value for Annai Nagar -II is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From 2012 to 2017, the guideline value decreased from Rs 500 per sq.ft to Rs 335 per sq.ft. It then increased back to Rs 500 per sq.ft in both 2023 and 2024, resulting in a 49% increase from 2017 to 2023.

What are the other streets in Molachoor with their guideline values?

Other streets in Molachoor include Annai Nagar-I, Annai Nagar-III, Annai Nagar-IV, and Annai Nagar-V, all with a guideline value of Rs 500 per sq.ft for 2024. Annai Santhiya Nagar has a value of Rs 605 per sq.ft, while Annai Santhiya Street is valued at Rs 600 per sq.ft.

How is stamp duty calculated for properties in Annai Nagar -II?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 5,00,000 would incur a stamp duty of Rs 35,000 at 7% and a registration fee of Rs 10,000 at 2%, totaling Rs 45,000.

Which office should I visit for property registration in Annai Nagar -II?

The property registration for Annai Nagar -II is handled by the Sunguvarchattram Sub Registrar Office. The office is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.