Guideline Value for Annai Nagar

Annai Nagar guideline value

The current guideline value of Annai Nagar, located in Soorapattu village under the Ambattur SRO, is Rs 1,400 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

How the guideline value of Annai Nagar has changed

The guideline value for Annai Nagar has seen several revisions over the years. The earliest recorded value is from 2012, which was Rs 1,300 per sq.ft. This was followed by a decrease to Rs 871 per sq.ft in 2017. The value then increased significantly to Rs 1,300 per sq.ft in 2023, and currently stands at Rs 1,400 per sq.ft as of the 2024 revision, marking an 8% increase from the previous year.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Soorapattu

In Soorapattu, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft. The median value is Rs 1,300 per sq.ft, and Annai Nagar's current value of Rs 1,400 per sq.ft is above this median.

• Annai Indira Nagar Main Road: Rs 1,100 per sq.ft (2024)
• Annai Indira Nagar: Rs 1,100 per sq.ft (2024)
• Annai Avenue: Rs 1,400 per sq.ft (2024)
• Annai Therasa Street: Rs 1,100 per sq.ft (2024)
• Anna Street: Rs 1,300 per sq.ft (2024)
• Anantha Lakshmi Nagar: Rs 1,400 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 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total cost to Rs 1,26,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Nagar?

Annai Nagar is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Soorapattu. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for legal and taxation purposes.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Annai Nagar?

The current guideline value of Annai Nagar is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, then increased to Rs 1,300 per sq.ft in 2023, and finally to Rs 1,400 per sq.ft in 2024.

What is the land classification of Annai Nagar?

Annai Nagar falls under the Residential Class I Type - III land classification, indicating its suitability for residential development.

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

For a property valued at Rs 14,00,000 in Annai Nagar, the stamp duty would be Rs 98,000 and the registration fee would be Rs 28,000, totaling Rs 1,26,000.

Which office handles property registrations for Annai Nagar?

The Ambattur Sub Registrar Office handles property registrations for Annai Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.