Guideline Value for Annai Nagar

Annai Nagar guideline value

The current guideline value of Annai Nagar in Ariyalur village is Rs 1,002 per sq.ft, effective from 1 July 2024. This property falls under the Redhills Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Annai Nagar has changed

According to the register, there are no figures available for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Annai Nagar. The most recent revision is from 2024, which sets the guideline value at Rs 1,002 per sq.ft.

There have been no changes between the revisions for this street. The current guideline value remains consistent with the median value of Rs 1,002 per sq.ft for the 24 streets in Ariyalur under the Redhills SRO.

Guideline values in Ariyalur

In Ariyalur, the guideline values for the 2024 revision range from Rs 1,002 to Rs 1,008 per sq.ft, with a median of Rs 1,002 per sq.ft. Annai Nagar's guideline value is equal to this median. Below are the guideline values for other streets in Ariyalur:

• Appiyamman Nagar: Rs 1,002 per sq.ft (2024)
• Ariyalur Colony: Rs 1,008 per sq.ft (2024)
• Bhakiyalakshmi Nagar: Rs 1,004 per sq.ft (2024)
• Gandhi Nagar 1st Cross Street: Rs 1,002 per sq.ft (2024)
• Gandhi Nagar 2nd Cross Street: Rs 1,002 per sq.ft (2024)
• Iswariya Nagar (Indian Bank Staff Colony): Rs 1,004 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 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040, totaling Rs 90,180. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Nagar?

The Annai Nagar area is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value plays a crucial role in the property registration process in Ariyalur. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. The guideline value is set by the government and reflects the market conditions for different areas.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government collects the appropriate taxes on property transactions.

Frequently asked questions

What is the current guideline value of Annai Nagar?

The current guideline value of Annai Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no figures available for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Annai Nagar. The latest revision in 2024 sets the guideline value at Rs 1,002 per sq.ft.

What is the classification of land in Annai Nagar?

Annai Nagar is classified as Residential Class I Type - I, which indicates its designation for residential use.

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 instance, a 1,000 sq.ft plot at the guideline value of Rs 10,02,000 would incur a stamp duty of Rs 70,140.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.