Guideline Value for Annai Tharesa Nagar

Annai Tharesa Nagar guideline value

The current guideline value of Annai Tharesa Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Karanaipuducheri village under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Annai Tharesa Nagar has changed

The guideline value for Annai Tharesa Nagar has seen several revisions over the years. In the 2007 revision, the value was set at Rs 200 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in the 2012 revision, marking a 500% rise. However, in the 2017 revision, the value dropped to Rs 804 per sq.ft, a decrease of 33%. The value remained stable at Rs 1,200 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

For the overall period from 2007 to 2024, the guideline value has increased by 500%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft. The median value is Rs 802 per sq.ft, placing Annai Tharesa Nagar's 2024 figure above this median.

• Aravind Annai Nagar: Rs 1,200 per sq.ft (2024)
• Aravind Annai Nagar-II: Rs 1,200 per sq.ft (2024)
• Amaravathi Avenue: Rs 1,500 per sq.ft (2024)
• Ashthalakshmi Nagar: Rs 800 per sq.ft (2024)
• Bagavathi Nagar: Rs 701 per sq.ft (2024)
• Abi Santhosh Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Tharesa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Tharesa Nagar?

The Sub Registrar Office that covers Annai Tharesa Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Karanaipuducheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Annai Tharesa Nagar?

The current guideline value of Annai Tharesa Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then to Rs 804 per sq.ft in 2017, and remained at Rs 1,200 per sq.ft in 2023 and 2024.

What is the land classification of Annai Tharesa Nagar?

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

What are the other streets in Karanaipuducheri?

Other streets in Karanaipuducheri include Aravind Annai Nagar, Amaravathi Avenue, and Ashthalakshmi Nagar, among others, each with their respective guideline values.

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

The Gooduvancheri Sub Registrar Office covers Annai Tharesa Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.