Guideline Value for Annai Nagar

Annai Nagar guideline value

The current guideline value of Annai Nagar, located in Pullilyon village under the Redhills SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Annai Nagar has changed

Over the years, the guideline value of Annai Nagar has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 550 per sq.ft, an increase from Rs 500 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the value was Rs 335 per sq.ft, which means there was a significant increase of +49% from 2017 to 2023. The 2012 revision recorded a guideline value of Rs 500 per sq.ft, which was a decrease of -33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +10%.

The register does not contain figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Pullilyon

In Pullilyon, there are 77 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 700 per sq.ft. Annai Nagar's 2024 guideline value of Rs 550 per sq.ft is below this median.

• Annai Avenue: Rs 440 per sq.ft (2024)
• Anna Nagar: Rs 440 per sq.ft (2024)
• Anbu Nagar Annex: Rs 440 per sq.ft (2024)
• Anbu Nagar: Rs 550 per sq.ft (2024)
• Ananthi Nagar: Rs 770 per sq.ft (2024)
• Abirami Nagar: Rs 550 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 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Nagar?

The Sub Registrar Office that covers Annai Nagar is 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 information.

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

The guideline value is a crucial factor during property transactions in Pullilyon. It is used to determine the stamp duty and registration fees applicable when registering a property sale. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the transaction.

When you buy or sell property, the guideline value helps establish a baseline for the transaction price. This ensures that the property is registered at a value that reflects the current market conditions as defined by the local authorities.

Frequently asked questions

What is the current guideline value of Annai Nagar?

The current guideline value of Annai Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024, a +10% increase. It was Rs 335 per sq.ft in 2017, which shows a +49% increase from 2017 to 2023.

What is the land classification for Annai Nagar?

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

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.

How is stamp duty calculated in Annai Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at 7%.