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 area is located in Somangalam_B village and falls under the Sriperumpudur SRO. The land classification for this street is 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 oldest revision available is from 2017, where the guideline value was Rs 100 per sq.ft. This figure increased to Rs 150 per sq.ft in both the 2023 and 2024 revisions, marking a 50% increase from 2017 to 2023 and maintaining the same value in the subsequent revision. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 150 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 50% from the original Rs 100 per sq.ft.

Guideline values in Somangalam_B

In Somangalam_B village, there are 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 2,500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, indicating that Annai Nagar Annex's 2024 guideline value 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)
• Ashok Nagar: Rs 250 per sq.ft (2024)
• Ayarpadi: Rs 200 per sq.ft (2024)
• Bajanai koil street: Rs 400 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 guideline value of Rs 150 per sq.ft, the total 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, bringing the total fees to Rs 13,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Nagar Annex?

The Sub Registrar Office that covers Annai Nagar Annex 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 Somangalam_B

The guideline value is a crucial factor when it comes to the registration of property transactions in Somangalam_B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the appropriate stamp duty and registration fees are calculated based on this value.

When buying or selling property, the guideline value helps in establishing transparency in the transaction process. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

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 remained at Rs 150 per sq.ft from 2023 to 2024. It increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023, marking a 50% increase overall from 2017 to 2024.

What is the land classification for Annai Nagar Annex?

The land classification for Annai Nagar Annex is Residential Class IV Type - I.

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

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500. Duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Annai Nagar Annex?

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