Guideline Value for Annai Santhiya Nagar

Annai Santhiya Nagar guideline value

The current guideline value of Annai Santhiya Nagar is Rs 605 per sq.ft, effective from 1 July 2024. This area is located in Molachoor village, under the Sunguvarchattram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Annai Santhiya Nagar has changed

In the 2012 revision, the guideline value was Rs 400 per sq.ft. This figure increased to Rs 402 per sq.ft in 2017, marking a slight rise of 1%. The value then saw a significant increase to Rs 600 per sq.ft in the 2023 revision, which is a 49% increase from the 2017 figure. The current guideline value of Rs 605 per sq.ft in the 2024 revision represents a 1% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 51%.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing the 2024 figure for Annai Santhiya Nagar above this median.

• Annai Santhiya Street: Rs 600 per sq.ft (2024)
• Annai Nagar-V: Rs 500 per sq.ft (2024)
• Annai Nagar-IV: Rs 500 per sq.ft (2024)
• Annai Nagar-III: Rs 500 per sq.ft (2024)
• Annai Nagar -II: Rs 500 per sq.ft (2024)
• Annai Nagar-I: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Santhiya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 605 per sq.ft, the total guideline value would be Rs 6,05,000. The stamp duty at 7% would amount to Rs 42,350, while the registration fee at 2% would be Rs 12,100, bringing the total cost to Rs 54,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Annai Santhiya Nagar?

The Sub Registrar Office covering Annai Santhiya 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 Molachoor

The guideline value serves as a benchmark for property transactions in Molachoor. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated fairly based on the official valuation.

During the registration process, the guideline value helps to establish the official worth of the property, which is essential for legal and financial documentation. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Annai Santhiya Nagar?

The current guideline value of Annai Santhiya Nagar is Rs 605 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 400 per sq.ft in 2012 to Rs 605 per sq.ft in 2024, showing an overall increase of 51% over this period.

What is the land classification of Annai Santhiya Nagar?

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

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 6,05,000 would incur a total cost of Rs 54,450 in these fees.

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

The Sub Registrar Office for Annai Santhiya Nagar is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.