Guideline Value for Annai Subu Nagar

Annai Subu Nagar guideline value

The current guideline value of Annai Subu Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This village falls under the Kanchipuram Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Annai Subu Nagar has changed

In the 2017 revision, the guideline value was set at Rs 670 per sq.ft. This figure saw a significant increase to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 further increased the value to Rs 1,100 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the guideline value of Annai Subu Nagar.

• Annamalai Nagar: Rs 875 per sq.ft (2024)
• Annai Karumariamman Nagar: Rs 1,100 per sq.ft (2024)
• Arunachalam Nagar: Rs 1,100 per sq.ft (2024)
• Azhaganandam Nagar: Rs 1,100 per sq.ft (2024)
• Balaji Nagar: Rs 1,100 per sq.ft (2024)
• Bangaru Amman Colony: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Subu Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. 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 Subu Nagar?

The Sub Registrar Office that covers Annai Subu Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value is a crucial factor in the registration process when buying or selling property in Sevilimadu - A. It determines the minimum value at which the property can be registered, ensuring transparency and standardization in property transactions.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Annai Subu Nagar?

The current guideline value of Annai Subu Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and then to Rs 1,100 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the stamp duty rates for properties in Annai Subu Nagar?

The stamp duty for properties in Annai Subu Nagar is charged at 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000.

Which Sub Registrar Office is responsible for Annai Subu Nagar?

The Kanchipuram Joint II Sub Registrar Office is responsible for Annai Subu Nagar, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What is the land classification of Annai Subu Nagar?

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