Guideline Value for Annai Nagar

Annai Nagar guideline value

The current guideline value for Annai Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village, under the jurisdiction of the Sembiam Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - I.

How the guideline value of Annai Nagar has changed

The guideline value for Annai Nagar has seen several revisions over the years. In 2002, the value was Rs 177 per sq.ft, which increased to Rs 192 per sq.ft in 2003, marking an increase of 8%. The value then rose significantly to Rs 700 per sq.ft in 2007, representing a 265% increase. Following this, the guideline value reached Rs 2,500 per sq.ft in 2012, reflecting a 257% increase from the previous revision. However, it decreased to Rs 1,675 per sq.ft in 2017, a decline of 33%. The most recent revision in 2024 has set the value at Rs 2,700 per sq.ft, which is an increase of 61% from 2017.

The register has no figure for this street in 2023. Overall, from 2002 to 2024, the guideline value has increased by 1,425%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Annai Nagar is below this median.

• Annai Sathiya Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Annai Sathiya Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Annai Sathiya Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Annai Sathiya Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Annai Indira Nagar Extension: Rs 2,700 per sq.ft (2024)
• Annai Tharesa Nagar: Rs 2,700 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 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000. Together, the total cost for these fees would be Rs 2,43,000. 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 Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Kolathur. It serves as a benchmark for determining the minimum price at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value for Annai Nagar?

The current guideline value for Annai Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 177 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, which is an overall increase of 1,425%.

What is the land classification for Annai Nagar?

Annai Nagar is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Annai Nagar?

The Sub Registrar Office for Annai Nagar is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 2,43,000.