Guideline Value for Annai Nagar

Annai Nagar guideline value

The current guideline value of Annai Nagar, located in Vanchuvancheri village, is Rs 500 per sq.ft, effective from the 2024 revision. This area falls under the jurisdiction of the Sriperumpudur SRO and is classified as Mixed Type - I land.

How the guideline value of Annai Nagar has changed

The guideline value for Annai Nagar has undergone several revisions over the years. Starting with the 2007 revision, the value was set at Rs 50 per sq.ft. This increased significantly to Rs 500 per sq.ft in the 2012 revision, marking a remarkable rise of 900%. However, the value then dropped to Rs 335 per sq.ft in the 2017 revision, which was a decrease of 33%. The subsequent 2023 revision maintained the value at Rs 500 per sq.ft, and the same value continues into the 2024 revision, reflecting no change from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 900%, showcasing significant fluctuations over the years.

Guideline values in Vanchuvancheri

In Vanchuvancheri, there are 23 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 700 per sq.ft, with a median value of Rs 400 per sq.ft. Annai Nagar's 2024 figure of Rs 500 per sq.ft is above this median.

• Amirtha Garden Ph.III: Rs 400 per sq.ft (2024)
• Amirtha Garden Ph.II-Blue Horizon: Rs 400 per sq.ft (2024)
• Amirtha Garden: Rs 400 per sq.ft (2024)
• Bajanai koil street: Rs 300 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Cement Road (Panchayat Road): 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 rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, making the total Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more 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. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vanchuvancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which means accurate valuation is essential for both parties involved in the transaction.

Frequently asked questions

What is the current guideline value of Annai Nagar?

The current guideline value of Annai Nagar is Rs 500 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017, and remained at Rs 500 per sq.ft in both 2023 and 2024.

What is the median guideline value in Vanchuvancheri?

The median guideline value in Vanchuvancheri is Rs 400 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%, 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 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.