Guideline Value for Annai Nagar Annex

Annai Nagar Annex guideline value

The current guideline value of Annai Nagar Annex is Rs 150 per sq.ft, effective from 1 July 2024. This property is located in Somangalam village, under the Sriperumpudur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Annai Nagar Annex has changed

The guideline value for Annai Nagar Annex has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 150 per sq.ft. In 2017, this value decreased to Rs 100 per sq.ft, marking a reduction of 33%. Following this, the value increased by 50% in 2023, bringing it back to Rs 150 per sq.ft. The current revision in 2024 maintains this value at Rs 150 per sq.ft, showing no change from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Therefore, the revisions available are limited to those mentioned above.

Guideline values in Somangalam

In Somangalam, there are 86 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. Annai Nagar Annex's 2024 figure is below this median.

• Annai Nagar: Rs 150 per sq.ft (2024)
• Anna Nagar: Rs 250 per sq.ft (2024)
• Amirtharaj Nagar: Rs 200 per sq.ft (2024)
• Alwins Green Park: Rs 500 per sq.ft (2024)
• Ashok Nagar: Rs 250 per sq.ft (2024)
• Ags Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Nagar Annex

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Nagar Annex?

The Annai Nagar Annex falls under the jurisdiction of 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 Somangalam

The guideline value plays a crucial role in property transactions in Somangalam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is essential for ensuring that the correct amount of duty is collected during the registration process.

When selling property, the guideline value also serves as a reference point for both buyers and sellers. It helps in understanding the official valuation of the property, which is necessary for legal and financial documentation during the sale.

Frequently asked questions

What is the current guideline value of Annai Nagar Annex?

The current guideline value of Annai Nagar Annex is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then back to Rs 150 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification of Annai Nagar Annex?

Annai Nagar Annex is classified as Residential Class IV Type - I.

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property in Annai Nagar Annex?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 150 per sq.ft, the total guideline value is Rs 1,50,000, leading to a stamp duty of Rs 10,500.