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_B village under the Sriperumpudur SRO, classified as Residential Class IV Type - I.

How the guideline value of Annai Nagar has changed

The guideline value for Annai Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 150 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 100 per sq.ft, marking a 50% increase when compared to the 2023 revision.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 50%.

Guideline values in Somangalam_B

In Somangalam_B, there are 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 2,500 per sq.ft, with a median value of Rs 250 per sq.ft. Annai Nagar's 2024 figure 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)
• Ashok Nagar: Rs 250 per sq.ft (2024)
• Ayarpadi: Rs 200 per sq.ft (2024)
• Bajanai koil street: Rs 400 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, resulting in a total of 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 accurate 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. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Somangalam_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government collects the appropriate amount based on the property's value.

Frequently asked questions

What is the current guideline value of Annai Nagar?

The current guideline value of 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 remained at Rs 150 per sq.ft from 2023 to 2024, while it increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023, reflecting a 50% increase overall from 2017 to 2024.

What is the classification of land in Annai Nagar?

Annai Nagar is classified as Residential Class IV Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees based on the guideline value?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Annai Nagar located?

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