Guideline Value for Annai Nagar

Annai Nagar guideline value

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

How the guideline value of Annai Nagar has changed

The guideline value for Annai Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 40 per sq.ft, which increased significantly to Rs 200 per sq.ft in the 2012 revision. However, it dropped to Rs 134 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 200 per sq.ft, which remains unchanged in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%. The value saw a dramatic rise of 400% from 2007 to 2012, but then a decrease of 33% from 2012 to 2017. Overall, the guideline value has increased by 400% from 2007 to 2024. The register does not have figures for the years 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 is Rs 200 per sq.ft, making the 2024 figure for Annai Nagar equal to this median.

• Annai Nagar II: Rs 200 per sq.ft (2024)
• Annai Nagar III: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total 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, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Annai Nagar?

The Sub Registrar Office that covers Annai Nagar 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 details.

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

The guideline value is a crucial factor in property transactions in Vilvarayanalloor, as it determines the minimum value at which property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay during the property registration process.

When selling a property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration of property in this area.

Frequently asked questions

What is the current guideline value of Annai Nagar?

The current guideline value of Annai Nagar 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 has remained at Rs 200 per sq.ft in both the 2023 and 2024 revisions.

What is the median guideline value in Vilvarayanalloor?

The median guideline value in Vilvarayanalloor is Rs 200 per sq.ft, which is the same as the current value for Annai Nagar.

What are the stamp duty rates for property in Annai Nagar?

The stamp duty rate for property in Annai Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

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

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