Guideline Value for Annai Parasakthi Nagar

Annai Parasakthi Nagar guideline value

The current guideline value of Annai Parasakthi Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This locality is situated in AagaramB village, under the jurisdiction of the Sunguvarchattram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Annai Parasakthi Nagar has changed

Over the years, the guideline value for Annai Parasakthi Nagar has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 150 per sq.ft, which remains unchanged from the 2023 revision. Prior to that, in 2017, the guideline value was Rs 100 per sq.ft, marking a 50% increase from that year to 2023 and an overall increase of 50% from 2017 to 2024.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only available figures for Annai Parasakthi Nagar are from the revisions in 2017, 2023, and 2024, which reflect the gradual increase in the guideline value over time.

Guideline values in AagaramB

AagaramB village features a range of guideline values across its streets, with 10 streets under the Sunguvarchattram SRO carrying a 2024 figure ranging from Rs 100 to Rs 374 per sq.ft. The median guideline value in this village is Rs 125 per sq.ft, placing Annai Parasakthi Nagar's 2024 figure above that median.

• Aikon City: Rs 150 per sq.ft (2024)
• Agaram Colony: Rs 100 per sq.ft (2024)
• Dnh Sri Maheswari Avenue: Rs 350 per sq.ft (2024)
• Eden Garden Farm Land: Rs 100 per sq.ft (2024)
• Gangaiamman Kovil Street: Rs 100 per sq.ft (2024)
• Mettu Street: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Parasakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty, calculated at 7%, would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total cost for these fees to 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 also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Annai Parasakthi Nagar?

The Sub Registrar Office that covers Annai Parasakthi Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in AagaramB. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official rates set by the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Understanding how these values are set and revised can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Annai Parasakthi Nagar?

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

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 150 per sq.ft from 2023 to 2024. It was Rs 100 per sq.ft in 2017, reflecting a 50% increase to the current value.

What are the other streets in AagaramB and their guideline values?

Other streets in AagaramB include Aikon City at Rs 150 per sq.ft, Agaram Colony at Rs 100 per sq.ft, Dnh Sri Maheswari Avenue at Rs 350 per sq.ft, and several others, with values ranging from Rs 100 to Rs 374 per sq.ft.

What fees are associated with buying property in Annai Parasakthi Nagar?

The fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur total fees of Rs 13,500.

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

The Sub Registrar Office for Annai Parasakthi Nagar is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone. You can find more information by visiting the relevant link.