Guideline Value for Annai Nagar-I

Annai Nagar-I guideline value

The current guideline value of Annai Nagar-I, 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-I has changed

The guideline value for Annai Nagar-I has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged in the 2017 revision. However, there was a significant increase to Rs 335 per sq.ft in 2017, marking a 49% rise from the previous revision. The value then stabilized at Rs 500 per sq.ft in both the 2023 and 2024 revisions, reflecting no change between these two years.

It is noteworthy that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, when comparing the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 500 per sq.ft.

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 for these streets is Rs 600 per sq.ft, placing Annai Nagar-I's 2024 figure below this median.

• Annai Nagar -II: Rs 500 per sq.ft (2024)
• Annai Nagar-III: Rs 500 per sq.ft (2024)
• Annai Nagar-IV: Rs 500 per sq.ft (2024)
• Annai Nagar-V: 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-I

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. It is important to note that the 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 more information.

Which Sub Registrar Office covers Annai Nagar-I?

The Sub Registrar Office that covers Annai Nagar-I is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor during the registration of property transactions in Molachoor. It serves as a benchmark for determining the stamp duty and registration fees that buyers need to pay when purchasing property in the area.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected based on the established rates. This process helps maintain transparency and consistency in property dealings.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2012 to 2024, with a notable increase to Rs 335 per sq.ft in 2017, followed by no change in the subsequent revisions of 2023 and 2024.

What is the land classification for Annai Nagar-I?

Annai Nagar-I is classified as Residential Class I Type - I, which indicates its suitability for residential development.

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

The Sub Registrar Office for Annai Nagar-I is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Annai Nagar-I?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at a rate of 7%.