Guideline Value for Annai Nagar

Annai Nagar guideline value

The current guideline value of Annai Nagar, located in Pusivakkam village under the Walajabad SRO, is Rs 126 per sq.ft, effective from 1 July 2024. This area falls under Residential Class III Type - I land classification.

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 recorded a value of Rs 125 per sq.ft, which slightly decreased to Rs 84 per sq.ft in the 2017 revision. This was a decline of 33%. However, the value rebounded significantly in the following revisions, with the 2023 and 2024 revisions both maintaining the value at Rs 126 per sq.ft, reflecting no change from 2023 to 2024. Overall, from 2012 to 2024, there has been a marginal increase of 1%.

The register has no figures for the years 2002, 2003, and 2007 for this street. The 2024 and 2023 revisions are consistent at Rs 126 per sq.ft, showing stability in the guideline value after the fluctuations observed in earlier years.

Guideline values in Pusivakkam

In Pusivakkam, there are 22 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 100 to Rs 598 per sq.ft, with a median value of Rs 150 per sq.ft. The guideline value of Annai Nagar is below this median.

• Antony Avenue: Rs 100 per sq.ft (2024)
• Brindavan Garden Phase-I: Rs 150 per sq.ft (2024)
• Ishvariyam Nagar: Rs 126 per sq.ft (2024)
• J.S.Garden: Rs 598 per sq.ft (2024)
• Margo Tree Farm Lout: Rs 100 per sq.ft (2024)
• Royal City Phase-I: Rs 175 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 126 per sq.ft, the total guideline value amounts to Rs 1,26,000. The stamp duty at 7% would be Rs 8,820, while the registration fee at 2% would be Rs 2,520, bringing the total to Rs 11,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Annai Nagar?

The Sub Registrar Office that covers Annai Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Pusivakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the applicable stamp duty and registration fees during the property transaction process.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration. The registration process will require the payment of stamp duty based on this guideline value, ensuring that both parties are adhering to the local regulations.

Frequently asked questions

What is the current guideline value of Annai Nagar?

The current guideline value of Annai Nagar is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2012 to Rs 84 per sq.ft in 2017, and then back to Rs 126 per sq.ft in 2023 and 2024, showing a 1% overall increase from 2012 to 2024.

What is the land classification of Annai Nagar?

Annai Nagar is classified as Residential Class III Type - I according to the local land classification regulations.

Where can I find the registration office for Annai Nagar?

The registration office for Annai Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated for properties in Annai Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property with a guideline value of Rs 1,26,000, the stamp duty at 7% would be Rs 8,820.