Guideline Value for Annai Nagar

Annai Nagar guideline value

The current guideline value of Annai Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Somangalam village under the Sriperumpudur SRO and falls under Residential Class IV Type - I land classification.

How the guideline value of Annai Nagar has changed

The guideline value for Annai Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 150 per sq.ft, which remained unchanged in the subsequent revision in 2023. However, there was a significant increase to Rs 100 per sq.ft in the 2017 revision, marking a 50% rise from the previous figure. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

As of the 2024 revision, the guideline value has returned to Rs 150 per sq.ft, showing no change from the 2023 revision. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 150 per sq.ft.

Guideline values in Somangalam

In Somangalam village, there are 86 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. Annai Nagar's current guideline value is below this median.

• Annai Nagar Annex: Rs 150 per sq.ft (2024)
• Anna Nagar: Rs 250 per sq.ft (2024)
• Amirtharaj Nagar: Rs 200 per sq.ft (2024)
• Alwins Green Park: Rs 500 per sq.ft (2024)
• Ashok Nagar: Rs 250 per sq.ft (2024)
• Ags Nagar: Rs 800 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 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total cost for these fees Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Annai Nagar?

The Sub Registrar Office that covers Annai Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Somangalam. It serves as the basis for calculating stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider this value to understand the financial implications of their transactions.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Annai Nagar?

The current guideline value for Annai Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 150 per sq.ft in 2024, which is unchanged from 2023. The value was Rs 100 per sq.ft in 2017, reflecting a 50% increase from the previous figure.

What is the land classification for Annai Nagar?

Annai Nagar is classified as Residential Class IV Type - I, which indicates its designation for residential use within the local planning framework.

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

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

How is stamp duty calculated for properties in Annai Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 1,50,000 would incur a stamp duty of Rs 10,500 at 7%.