Guideline Value for Annai Nagar III

Annai Nagar III guideline value

The current guideline value of Annai Nagar III is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Vilvarayanalloor village, under the Madurandakam SRO, and is classified as Residential Special Type - I.

How the guideline value of Annai Nagar III has changed

The guideline value for Annai Nagar III has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 40 per sq.ft, which increased significantly to Rs 200 per sq.ft in the 2012 revision. However, it then decreased to Rs 134 per sq.ft in the 2017 revision, before returning to Rs 200 per sq.ft in both the 2023 and 2024 revisions.

From 2017 to 2023, the guideline value increased by 49%, while there was no change from 2023 to 2024. Overall, the guideline value has risen by 400% from the 2007 revision to the current figure in 2024.

Guideline values in Vilvarayanalloor

In Vilvarayanalloor, there are 23 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 101 to Rs 300 per sq.ft, with the median value being Rs 200 per sq.ft. The guideline value for Annai Nagar III aligns with this median value.

• Annai Nagar II: Rs 200 per sq.ft (2024)
• Annai Nagar: Rs 200 per sq.ft (2024)
• Aasai Nagar Phase-IV: Rs 300 per sq.ft (2024)
• Aasai Nagar Phase- III: Rs 300 per sq.ft (2024)
• B.S.Nagar: Rs 101 per sq.ft (2024)
• Dr.Chandrasekar Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Nagar III

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total charges to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more details on fees.

Which Sub Registrar Office covers Annai Nagar III?

The Sub Registrar Office that covers Annai Nagar III is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Vilvarayanalloor, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable during the transaction.

When a property is sold, the guideline value serves as a reference point for both buyers and sellers, ensuring that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Annai Nagar III?

The current guideline value of Annai Nagar III is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, from Rs 40 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then decreased to Rs 134 per sq.ft in 2017, before returning to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification for Annai Nagar III?

Annai Nagar III is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Annai Nagar III?

The Sub Registrar Office for Annai Nagar III is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for properties in Annai Nagar III?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at 7%.