Guideline Value for Annai Nagar II

Annai Nagar II guideline value

The current guideline value of Annai Nagar II is Rs 200 per sq.ft, effective from 1 July 2024. This locality is situated in Vilvarayanalloor village and falls under the Madurandakam SRO. The land classification for this area is Residential Special 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 earliest recorded figure was Rs 40 per sq.ft in 2007. This increased significantly to Rs 200 per sq.ft in 2012, marking a 400% rise. However, between 2012 and 2017, the value dropped to Rs 134 per sq.ft, reflecting a decrease of 33%. The value then increased to Rs 200 per sq.ft in 2023, remaining unchanged through to the 2024 revision.

From 2017 to 2023, the guideline value rose by 49%, while the overall change from 2007 to 2024 is a notable 400%. It is important to note that there are no recorded figures for the revisions in 2002 and 2003 for this street.

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. The median value for these streets is Rs 200 per sq.ft, which is the same as the guideline value for Annai Nagar II.

• Annai Nagar III: 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 II

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Annai Nagar II?

The Sub Registrar Office covering Annai Nagar II 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 during the registration of property transactions in Vilvarayanalloor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps establish a fair price for both parties involved. It is essential 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 II?

The current guideline value of Annai Nagar II 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 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, and increased back to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification for Annai Nagar II?

The land classification for Annai Nagar II is Residential Special Type - I.

Where can I find the Madurandakam Sub Registrar Office?

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

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a guideline value of Rs 2,00,000, resulting in a stamp duty of Rs 14,000.