Guideline Value for Annai Nagar

Annai Nagar guideline value

The current guideline value of Annai Nagar, located in Kaniambakkam village under the Ponneri SRO, is Rs 150 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Annai Nagar has changed

The guideline value for Annai Nagar has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, and 2012. In the 2017 revision, the guideline value was set at Rs 100 per sq.ft. This figure remained unchanged until the 2023 revision, where it was again Rs 150 per sq.ft, marking a 50% increase from 2017. The 2024 revision also retains the guideline value at Rs 150 per sq.ft, showing no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. The consistency in the guideline value from 2023 to 2024 indicates stability in this segment of the real estate market.

Guideline values in Kaniambakkam

In Kaniambakkam village, there are eight streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 150 per sq.ft. The median guideline value for these streets is Rs 100 per sq.ft, placing Annai Nagar's 2024 figure above that median.

• A.G.R.Garden: Rs 150 per sq.ft (2024)
• Bharathi Nagar: Rs 100 per sq.ft (2024)
• Gowtham Nagar: Rs 100 per sq.ft (2024)
• Kumaran Nagar: Rs 125 per sq.ft (2024)
• Sai Hari Nagar: Rs 100 per sq.ft (2024)
• Sri Balaji Nagar: Rs 100 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, the guideline value amounts to Rs 1,50,000. The stamp duty is calculated at 7%, totaling Rs 10,500, while the registration fee is at 2%, amounting to Rs 3,000. Together, the total cost for stamp duty and registration fee would be Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our 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 Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value is a critical factor in the registration process of property transactions in Kaniambakkam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, it is essential to be aware of the guideline value as it can impact the overall cost of the transaction. Buyers should ensure that the sale price is higher than or equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Annai Nagar?

The current guideline value of Annai Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Annai Nagar was Rs 100 per sq.ft in 2017 and increased to Rs 150 per sq.ft in both 2023 and 2024, showing a 50% increase overall from 2017 to 2024.

What is the stamp duty rate for properties in Annai Nagar?

The stamp duty rate for properties in Annai Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Annai Nagar located?

The Sub Registrar Office for Annai Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What are the other streets in Kaniambakkam with guideline values?

Other streets in Kaniambakkam include A.G.R.Garden, Bharathi Nagar, Gowtham Nagar, Kumaran Nagar, Sai Hari Nagar, and Sri Balaji Nagar, with guideline values ranging from Rs 100 to Rs 150 per sq.ft.