Guideline Value for Annai Nagar

Annai Nagar guideline value

The current guideline value of Annai Nagar, located in Selaiyur village under the Selaiyur SRO, is Rs 2,900 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Annai Nagar has changed

Over the years, the guideline value of Annai Nagar has seen significant changes. In 2007, the guideline value was Rs 450 per sq.ft, which increased to Rs 2,700 per sq.ft in 2012. This was a substantial rise of 500%. However, between 2012 and 2017, the value decreased to Rs 1,809 per sq.ft, marking a decline of 33%. The value then rose sharply to Rs 2,700 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 2,900 per sq.ft, an increase of 7% from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 544%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Annai Nagar's 2024 figure above the median.

• Annai Sathya Street: Rs 1,600 per sq.ft (2024)
• Annai Sivagami Street: Rs 1,100 per sq.ft (2024)
• Annai Therasa Street: Rs 1,800 per sq.ft (2024)
• Annadurai Street: Rs 950 per sq.ft (2024)
• Anjaneyar Koil Street: Rs 2,900 per sq.ft (2024)
• Anna Nagar: Rs 2,200 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 2,900 per sq.ft, the total guideline value would be Rs 29,00,000. The stamp duty at 7% would be Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, bringing the total fees to Rs 2,61,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Nagar?

The Sub Registrar Office that covers Annai Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Selaiyur. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai Nagar?

The current guideline value of Annai Nagar is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 450 per sq.ft in 2007 to Rs 2,900 per sq.ft in 2024, showing an overall increase of 544%.

What is the median guideline value in Selaiyur?

The median guideline value for streets in Selaiyur is Rs 2,200 per sq.ft, with Annai Nagar's value being above this median.

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

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

Where is the Sub Registrar Office for Annai Nagar located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.