Guideline Value for Annai Nagar

Annai Nagar guideline value

The current guideline value of Annai Nagar, located in Koozhangacheri village, is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under the Sunguvarchattram SRO and is classified as Residential Class III Type - I.

How the guideline value of Annai Nagar has changed

The guideline value for Annai Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged in the subsequent 2017 revision, where it was Rs 134 per sq.ft. The 2023 revision brought the value back to Rs 200 per sq.ft, and the most recent revision in 2024 maintained this figure at Rs 200 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, the changes are notable. From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, there has been no change, with the current value remaining at Rs 200 per sq.ft.

Guideline values in Koozhangacheri

Koozhangacheri village has a total of 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,200 per sq.ft, with a median value of Rs 226 per sq.ft. Annai Nagar's 2024 guideline value is below this median.

• Aravindha Avenue: Rs 226 per sq.ft (2024)
• Ambethkar Street: Rs 250 per sq.ft (2024)
• Bajanai Kovil Street: Rs 200 per sq.ft (2024)
• Bharathi Nagar: Rs 250 per sq.ft (2024)
• Bharathi Nagar Part-I: Rs 250 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 250 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total charges Rs 18,000. 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 more detailed calculations.

Which Sub Registrar Office covers Annai Nagar?

The Sub Registrar Office that covers Annai Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Koozhangacheri. It serves as the basis for calculating the stamp duty and registration fees, ensuring that both parties are aware of the financial implications involved in the transaction.

When a property is sold, the guideline value helps in determining the minimum value at which the property can be registered. This ensures transparency and compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Annai Nagar?

The current guideline value of Annai Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft in the revisions of 2012, 2023, and 2024, while it was Rs 134 per sq.ft in 2017. The register has no figures for the years 2002, 2003, and 2007.

What is the land classification for Annai Nagar?

Annai Nagar is classified as Residential Class III Type - I, indicating its designation for residential use within the area.

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

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

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

The Sub Registrar Office for Annai Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.