Guideline Value for Annai Therasa Nagar and Extn

Annai Therasa Nagar and Extn guideline value

The current guideline value of Annai Therasa Nagar and Extn is Rs 2,310 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village under the Padappai SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Annai Therasa Nagar and Extn has changed

The guideline value for Annai Therasa Nagar and Extn has undergone several revisions over the years. The 2012 revision set the value at Rs 2,100 per sq.ft, which saw a decrease of 33% to Rs 1,407 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,100 per sq.ft, and the latest 2024 revision raised it further to Rs 2,310 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, which is equal to the guideline value of Annai Therasa Nagar and Extn.

• Annai Therasa I Street: Rs 2,310 per sq.ft (2024)
• Annai Therasa II Street: Rs 2,310 per sq.ft (2024)
• Annai Ramabai Street: Rs 1,980 per sq.ft (2024)
• A.N.Nagar - Annam Street: Rs 3,960 per sq.ft (2024)
• Anjukam Street: Rs 2,310 per sq.ft (2024)
• Anna Street: Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Therasa Nagar and Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value amounts to Rs 23,10,000. The stamp duty at 7% would be Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total to Rs 2,07,900. 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 Therasa Nagar and Extn?

The Sub Registrar Office that covers Annai Therasa Nagar and Extn is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration of property transactions in Perungalathur. When a property is sold or purchased, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the sale price alone.

This system helps maintain transparency in property transactions and ensures that the government receives the appropriate revenue from property sales. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Annai Therasa Nagar and Extn?

The current guideline value of Annai Therasa Nagar and Extn is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,100 per sq.ft in 2012 to Rs 1,407 per sq.ft in 2017, then back to Rs 2,100 per sq.ft in 2023, and currently stands at Rs 2,310 per sq.ft in 2024.

What is the land classification of Annai Therasa Nagar and Extn?

Annai Therasa Nagar and Extn is classified under Residential Class II Type - I, indicating its suitability for residential development.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property, the total fees would amount to Rs 2,07,900.

Which Sub Registrar Office covers this area?

The Padappai Sub Registrar Office covers Annai Therasa Nagar and Extn, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.