Guideline Value for Annai Nagar

Annai Nagar guideline value

The current guideline value of Annai Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village under the Sriperumpudur 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 2007, the value was Rs 40 per sq.ft, which increased significantly to Rs 300 per sq.ft in both 2012 and 2023. However, it dropped to Rs 201 per sq.ft in 2017 before returning to Rs 300 per sq.ft in 2023. The register has no figures for the years 2002 and 2003.

From 2007 to 2012, the increase was a remarkable 650%, but the value then decreased by 33% to Rs 201 per sq.ft by 2017. Following that, a 49% increase brought it back to Rs 300 per sq.ft by 2023, and there was no change from 2023 to 2024.

Guideline values in Kolathur

In Kolathur, there are 45 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,300 per sq.ft, with the median being Rs 250 per sq.ft. Annai Nagar's current guideline value is above this median.

• Annai Nagar Anex: Rs 300 per sq.ft (2024)
• Bajanai Koil Street: Rs 250 per sq.ft (2024)
• David Nagar: Rs 150 per sq.ft (2024)
• Gandhi Nagar: Rs 300 per sq.ft (2024)
• G.E.C Nagar: Rs 150 per sq.ft (2024)
• Guberan Garden: Rs 300 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. 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 precise calculations.

Which Sub Registrar Office covers Annai Nagar?

Annai Nagar falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that the government receives its due revenue from property transactions.

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 fees. This ensures that all transactions are fairly assessed based on the established guideline values.

Frequently asked questions

What is the current guideline value of Annai Nagar?

The current guideline value of Annai Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, with significant increases and decreases. For example, it rose from Rs 40 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreased to Rs 201 per sq.ft in 2017 before returning to Rs 300 per sq.ft in 2023.

What is the land classification of Annai Nagar?

Annai Nagar is classified as Residential Special Type - I, indicating its suitability for residential development within the area.

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

The Sub Registrar Office covering Annai Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated in Annai Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 3,00,000, the stamp duty at 7% would be Rs 21,000.