Guideline Value for Annai Rajammal Nagar

Annai Rajammal Nagar guideline value

The current guideline value of Annai Rajammal Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is located in Puthagaram village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Annai Rajammal Nagar has changed

The guideline value for Annai Rajammal Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 1,800 per sq.ft. This figure remained until the 2017 revision, which saw a decrease to Rs 1,206 per sq.ft. Following that, the value increased significantly to Rs 1,800 per sq.ft in 2023, and then to Rs 1,900 per sq.ft in 2024.

From 2012 to 2017, there was a decline of 33%. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects a 6% increase. Overall, from 2012 to 2024, the guideline value has increased by 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value for the village is Rs 1,900 per sq.ft, which is the same as the current value for Annai Rajammal Nagar.

• Annai Rajammal Nager Annex: Rs 1,900 per sq.ft (2024)
• Arow New City: Rs 3,500 per sq.ft (2024)
• Ashok Avenue: Rs 2,200 per sq.ft (2024)
• Alagu Nagar: Rs 1,600 per sq.ft (2024)
• Ayyappa Nagar: Rs 1,900 per sq.ft (2024)
• Ayyappan Nagar Annex: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Rajammal Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,900 per sq.ft, the guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Rajammal Nagar?

The Sub Registrar Office that covers Annai Rajammal Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Puthagaram, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline values as they directly influence the overall cost of property transactions. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Annai Rajammal Nagar?

The current guideline value of Annai Rajammal Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 6%.

What is the land classification of Annai Rajammal Nagar?

Annai Rajammal Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Annai Rajammal Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Annai Rajammal 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 19,00,000, the stamp duty at 7% would be Rs 1,33,000.