Guideline Value for Annai Nagar-IV

Annai Nagar-IV guideline value

The current guideline value of Annai Nagar-IV, located in Molachoor village, is Rs 500 per sq.ft, effective from 1 July 2024. This area falls under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of Annai Nagar-IV has changed

In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. This figure remained unchanged in the 2017 revision, where it was Rs 335 per sq.ft, reflecting a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 500 per sq.ft. The 2023 revision also maintained this value, which has now been carried forward into the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Therefore, the guideline value has seen an overall change of 0% from 2012 to 2024, maintaining the Rs 500 per sq.ft rate.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 300 to Rs 2,000 per sq.ft. The median guideline value in this village is Rs 600 per sq.ft, indicating that Annai Nagar-IV's 2024 figure is below this median.

• Annai Nagar-III: Rs 500 per sq.ft (2024)
• Annai Nagar-V: Rs 500 per sq.ft (2024)
• Annai Nagar -II: Rs 500 per sq.ft (2024)
• Annai Nagar-I: Rs 500 per sq.ft (2024)
• Annai Santhiya Nagar: Rs 605 per sq.ft (2024)
• Annai Santhiya Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Nagar-IV

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, leading to a total cost of Rs 45,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Nagar-IV?

The Sub Registrar Office that covers Annai Nagar-IV is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Molachoor. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value helps maintain transparency and standardization in the registration process. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Annai Nagar-IV?

The current guideline value of Annai Nagar-IV is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023, maintaining the same value in 2024. There are no figures for the years 2002, 2003, and 2007.

What is the median guideline value in Molachoor?

The median guideline value in Molachoor is Rs 600 per sq.ft, which is higher than the current guideline value for Annai Nagar-IV.

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

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles registrations for Annai Nagar-IV?

The Sunguvarchattram Sub Registrar Office handles registrations for Annai Nagar-IV, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.