Guideline Value for Annai Rajammal Nager Annex

Annai Rajammal Nager Annex guideline value

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

How the guideline value of Annai Rajammal Nager Annex has changed

The guideline value for Annai Rajammal Nager Annex has undergone several revisions over the years. In 2012, the value was Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017. Following this, the value significantly increased to Rs 1,800 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 1,900 per sq.ft, marking a 6% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 6%. The changes between revisions include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register has no figure for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthagaram

Puthagaram village has 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 these streets is Rs 1,900 per sq.ft, which matches the current guideline value for Annai Rajammal Nager Annex.

• Annai Rajammal Nagar: 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 Nager Annex

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

Which Sub Registrar Office covers Annai Rajammal Nager Annex?

The Annai Rajammal Nager Annex falls under 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

The guideline value plays a crucial role in property transactions in Puthagaram. It is used to determine the stamp duty and registration fees applicable when buying or selling property. This ensures that the transactions are recorded accurately and that the appropriate taxes are collected.

When you register a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This process helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Annai Rajammal Nager Annex?

The current guideline value of Annai Rajammal Nager Annex 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 increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the stamp duty for properties in Annai Rajammal Nager Annex?

The stamp duty for properties in Annai Rajammal Nager Annex is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Annai Rajammal Nager Annex?

The Ambattur Sub Registrar Office handles property registrations for Annai Rajammal Nager Annex, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

What are the other streets with similar guideline values in Puthagaram?

Other streets in Puthagaram with similar guideline values include Annai Rajammal Nagar, Ayyappa Nagar, and Ayyappan Nagar Annex, all valued at Rs 1,900 per sq.ft in 2024.