Guideline Value for Annai Nagar Phase-I

Annai Nagar Phase-I guideline value

The current guideline value of Annai Nagar Phase-I is Rs 1,970 per sq.ft, effective from 1 July 2024. This area is located in Kannampalayam village, under the Kunrathur SRO. The land classification for this street is Mixed Type - III.

How the guideline value of Annai Nagar Phase-I has changed

The guideline value for Annai Nagar Phase-I has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,970 per sq.ft, which is an increase from Rs 1,792 per sq.ft in 2023, marking a change of +10%. Looking further back, the value was Rs 1,200 per sq.ft in 2017, reflecting a significant increase of +49% from that year to 2023. Overall, from 2017 to 2024, the guideline value has increased by +64%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only available figures for Annai Nagar Phase-I are from the revisions in 2017, 2023, and 2024.

Guideline values in Kannampalayam

In Kannampalayam, there are 75 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 765 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, placing Annai Nagar Phase-I's 2024 figure above that median.

• Annai Nagar Phase II: Rs 1,970 per sq.ft (2024)
• Annai Indra Gandhi Nagar: Rs 880 per sq.ft (2024)
• Aravindh Nagar: Rs 1,650 per sq.ft (2024)
• Ambal Green City Extension: Rs 880 per sq.ft (2024)
• Ambal Green City: Rs 880 per sq.ft (2024)
• Alcherry Main Road: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Nagar Phase-I

For a 1,000 sq.ft plot at the current rate of Rs 1,970 per sq.ft, the guideline value would be Rs 19,70,000. The stamp duty at 7% would be Rs 1,37,900, and the registration fee at 2% would be Rs 39,400, totaling Rs 1,77,300. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Annai Nagar Phase-I?

The Sub Registrar Office that covers Annai Nagar Phase-I is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kannampalayam. It serves as a baseline for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the appropriate amount is collected based on the value of the property being transacted.

Frequently asked questions

What is the current guideline value of Annai Nagar Phase-I?

The current guideline value of Annai Nagar Phase-I is Rs 1,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2017 to Rs 1,970 per sq.ft in 2024, representing an overall increase of +64% over this period.

What is the median guideline value in Kannampalayam?

The median guideline value for streets in Kannampalayam is Rs 1,375 per sq.ft, with Annai Nagar Phase-I's value above this median.

What are the stamp duty and registration fees for property in Annai Nagar Phase-I?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,77,300 based on the current guideline value.

Where is the Sub Registrar Office for Annai Nagar Phase-I located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and it covers Annai Nagar Phase-I.