Guideline Value for Annai Nagar

Annai Nagar guideline value

The current guideline value of Annai Nagar, located in Puthubakkam village under the Thiruvottiyur SRO, is Rs 165 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Annai Nagar has changed

Over the years, the guideline value of Annai Nagar has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which was later reduced to Rs 100 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 150 per sq.ft in the 2023 revision, and currently stands at Rs 165 per sq.ft from the 2024 revision. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value rose by 50%. The overall change from 2012 to 2024 reflects a modest increase of 10%.

Guideline values in Puthubakkam

Puthubakkam village has eight streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 165 to Rs 249 per sq.ft. The median value for these streets is Rs 248 per sq.ft, placing Annai Nagar's 2024 figure below this median.

• Balamurugan Nagar: Rs 165 per sq.ft (2024)
• Madhurai Meenakshi Nagar: Rs 248 per sq.ft (2024)
• Outer Ring Road: Rs 249 per sq.ft (2024)
• Sri Karumaniamman Nagar: Rs 248 per sq.ft (2024)
• Sri Krishna Nagar/Ext/Phases: Rs 248 per sq.ft (2024)
• Sri Padmavathy Nagar: Rs 248 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 165 per sq.ft, the guideline value amounts to Rs 1,65,000. The stamp duty at 7% would be Rs 11,550, and the registration fee at 2% would be Rs 3,300, totaling Rs 14,850. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Nagar?

The Sub Registrar Office that covers Annai Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Puthubakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai Nagar?

The current guideline value of Annai Nagar is Rs 165 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 150 per sq.ft in 2023 to Rs 165 per sq.ft in 2024. Notably, it decreased from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017 before rising again.

What is the median guideline value for streets in Puthubakkam?

The median guideline value for streets in Puthubakkam is Rs 248 per sq.ft, with Annai Nagar's 2024 figure being below this median.

What are the stamp duty rates for property in Annai Nagar?

The stamp duty for property transactions in Annai Nagar is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

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

The Sub Registrar Office for Annai Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.