Guideline Value for Annai Tharesa Nagar

Annai Tharesa Nagar guideline value

The current guideline value of Annai Tharesa Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village and falls under the Sembiam Sub Registrar Office (SRO). The land classification for this street is Residential Class II 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. The earliest recorded figure is from 2007, when the guideline value was Rs 1,000 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a 150% rise. However, it then decreased to Rs 1,675 per sq.ft in 2017, reflecting a decline of 33%. The value then rose to Rs 2,500 per sq.ft in 2023, before reaching the current figure of Rs 2,700 per sq.ft in 2024, which represents an 8% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 170%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Annai Tharesa Nagar's current value below that median.

• Annai Sathiya Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Annai Sathiya Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Annai Sathiya Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Annai Sathiya Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Annai Nagar: Rs 2,700 per sq.ft (2024)
• Annai Indira Nagar Extension: Rs 2,700 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 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000. Together, the total cost for these fees would be Rs 2,43,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Tharesa Nagar?

The Sub Registrar Office that covers Annai Tharesa Nagar is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kolathur. It serves as the minimum value for transactions and is used to calculate the stamp duty and registration fees applicable during the property registration process. Buyers and sellers should be aware that the guideline value will influence the overall cost of the transaction.

When registering a property, the guideline value helps ensure that the transaction reflects a fair value for the property based on current market conditions. It is essential for both parties to understand how the guideline value affects their financial obligations during the sale or purchase of real estate 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 2,700 per sq.ft, effective from 1 July 2024. This value is set by the Sembiam Sub Registrar Office.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024. This represents a total increase of 170% over the years, with various revisions affecting the value along the way.

What is the land classification for Annai Tharesa Nagar?

Annai Tharesa Nagar is classified as Residential Class II Type - I. This classification is important for determining the use and regulations applicable to the property in this area.

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

The Sub Registrar Office for Annai Tharesa Nagar is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles all property registrations in the area.

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

The stamp duty for properties in Annai Tharesa Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at the rate of 7%.