Guideline Value for Annai Nagar

Annai Nagar guideline value

The current guideline value of Annai Nagar, located in Sokandi village under the Sunguvarchattram SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of Annai Nagar has changed

Over the years, the guideline value for Annai Nagar has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision when it decreased to Rs 167 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 250 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the most recent revisions are from 2012, 2017, 2023, and 2024, with the current guideline value reflecting stability over the last decade.

Guideline values in Sokandi

Sokandi village has 35 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 181 to Rs 1,000 per sq.ft. The median value for these streets is Rs 300 per sq.ft, indicating that Annai Nagar's 2024 figure of Rs 250 per sq.ft is below the median.

• Anandha kabalishwarar nagar extension.: Rs 800 per sq.ft (2024)
• Anandam Kabaleeswarar Co-Operative Nagar: Rs 600 per sq.ft (2024)
• Anada Kabaleeswarar Nagar Extn-I: Rs 800 per sq.ft (2024)
• Arul Nagar: Rs 250 per sq.ft (2024)
• Abu Nagar: Rs 275 per sq.ft (2024)
• Bharathiyar Street: Rs 275 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 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty is charged at 7%, totaling Rs 17,500, while the registration fee is 2%, amounting to Rs 5,000. Therefore, the total cost for stamp duty and registration fee would be Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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 Sokandi

The guideline value is a crucial factor during the registration of property transactions in Sokandi. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps establish a fair price for the transaction, ensuring that both parties are aware of the official valuation. It is essential for buyers and sellers to consider the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Annai Nagar?

The current guideline value of Annai Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2012 to 2024, with a decrease to Rs 167 per sq.ft in 2017 followed by an increase back to Rs 250 per sq.ft in 2023.

What is the land classification of Annai Nagar?

Annai Nagar is classified as Residential Special Type - III, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property in Annai Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total stamp duty and registration fee would be Rs 22,500.

Which office handles property registrations in Annai Nagar?

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