Guideline Value for Annai Terasa Nagar

Annai Terasa Nagar guideline value

The current guideline value of Annai Terasa Nagar, located in Pothur village under the Redhills SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Annai Terasa Nagar has changed

The guideline value for Annai Terasa Nagar has seen several revisions over the years. The earliest available figure is from 2007, where the value was Rs 300 per sq.ft. This increased to Rs 500 per sq.ft in 2012, followed by a decrease to Rs 335 per sq.ft in 2017. The value then rose significantly to Rs 500 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 550 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 for this street.

Between the revisions, the changes are as follows: from 2007 to 2012, there was an increase of 67%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, the guideline value has increased by 83% from 2007 to 2024.

Guideline values in Pothur

Pothur village has a total of 98 streets under the Redhills SRO, with the 2024 guideline values ranging from Rs 330 to Rs 2,000 per sq.ft. The median value for these streets is Rs 550 per sq.ft, which aligns with the guideline value of Annai Terasa Nagar.

• Annai Theresa Nagar Extension: Rs 550 per sq.ft (2024)
• Annai Theresa Nagar Extension - II: Rs 550 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 550 per sq.ft (2024)
• Annai Velankanni Nagar Annex: Rs 550 per sq.ft (2024)
• Annamalai Nagar: Rs 550 per sq.ft (2024)
• Anna Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Terasa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, while the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Terasa Nagar?

The Sub Registrar Office that covers Annai Terasa Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pothur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

Frequently asked questions

What is the current guideline value of Annai Terasa Nagar?

The current guideline value of Annai Terasa Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, with several revisions in between, including a decrease in 2017 and increases in subsequent years.

What is the land classification of Annai Terasa Nagar?

Annai Terasa Nagar falls under the Residential Class I Type - I land classification.

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

The Sub Registrar Office for Annai Terasa Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Annai Terasa Nagar?

Stamp duty for properties in Annai Terasa Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.