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 area is located in Agaram village, under the Sunguvarchattram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Annai Parasakthi Nagar has changed

In the 2012 revision, the guideline value was set at Rs 150 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft, marking a 33% drop. However, in the 2023 revision, the value increased back to Rs 150 per sq.ft, reflecting a 50% rise from the 2017 figure.

As of the 2024 revision, the guideline value remains at Rs 150 per sq.ft, showing no change from the previous year. Additionally, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Agaram

In Agaram village, there are 10 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 102 to Rs 374 per sq.ft, with a median value of Rs 126 per sq.ft. The guideline value of Annai Parasakthi Nagar is above this median.

• Aikon City: Rs 150 per sq.ft (2024)
• Agaram Colony: Rs 102 per sq.ft (2024)
• Dnh Sri Maheswari Avenue: Rs 352 per sq.ft (2024)
• Eden Garden Farm Land: Rs 102 per sq.ft (2024)
• Gangaiamman Kovil Street: Rs 102 per sq.ft (2024)
• Mettu Street: Rs 102 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 rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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 Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Agaram. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value to comply with legal requirements when transferring property ownership.

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

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 seen several revisions, with the most recent being Rs 150 per sq.ft in 2024 and 2023. It was Rs 100 per sq.ft in 2017 and Rs 150 per sq.ft in 2012.

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

Other streets in Agaram include Aikon City at Rs 150 per sq.ft, Agaram Colony at Rs 102 per sq.ft, Dnh Sri Maheswari Avenue at Rs 352 per sq.ft, and several others, with values ranging from Rs 102 to Rs 374 per sq.ft.

What are the stamp duty and registration fees for properties in Annai Parasakthi Nagar?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Annai Parasakthi Nagar?

The Sunguvarchattram Sub Registrar Office handles property registrations for Annai Parasakthi Nagar. It is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.