Guideline Value for Annai Nagar Anex

Annai Nagar Anex guideline value

The current guideline value of Annai Nagar Anex, located in Kolathur village under the Sriperumpudur SRO, is Rs 300 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Annai Nagar Anex has changed

Over the years, the guideline value for Annai Nagar Anex has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. Following this, the 2023 revision brought the value back up to Rs 300 per sq.ft, which was maintained in the 2024 revision, indicating no percentage change from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has remained at Rs 300 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street in the register.

Guideline values in Kolathur

In Kolathur, there are 45 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 1,300 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing Annai Nagar Anex above this median at Rs 300 per sq.ft.

• Annai Nagar: Rs 300 per sq.ft (2024)
• Bajanai Koil Street: Rs 250 per sq.ft (2024)
• David Nagar: Rs 150 per sq.ft (2024)
• Gandhi Nagar: Rs 300 per sq.ft (2024)
• G.E.C Nagar: Rs 150 per sq.ft (2024)
• Guberan Garden: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Nagar Anex

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty is charged at 7%, amounting to Rs 21,000, and the registration fee is charged at 2%, which is Rs 6,000. Therefore, the total cost for stamp duty and registration fee would be Rs 27,000. 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 Anex?

The Sub Registrar Office that covers Annai Nagar Anex 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 Kolathur

The guideline value is a critical factor in the registration process when buying or selling property in Kolathur. It determines the minimum value at which the property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a property is sold, the buyer and seller must consider the guideline value, as it serves as a benchmark for the transaction. The registration fees and stamp duty are calculated based on this value, making it essential for both parties to be aware of the current guideline value.

Frequently asked questions

What is the current guideline value of Annai Nagar Anex?

The current guideline value of Annai Nagar Anex is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions being Rs 300 per sq.ft in 2023 and 2024, compared to Rs 201 per sq.ft in 2017 and Rs 300 per sq.ft in 2012.

What are the stamp duty rates for property in Annai Nagar Anex?

The stamp duty rate for property in Annai Nagar Anex is 7% of the guideline value, while the registration fee is 2% of the guideline value.

Which registration office covers Annai Nagar Anex?

The Sriperumpudur Sub Registrar Office covers Annai Nagar Anex, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for property transactions. It is essential for calculating stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.