Guideline Value for Annai Therasa Nagar

Annai Therasa Nagar guideline value

The current guideline value of Annai Therasa Nagar is Rs 126 per sq.ft, effective from 1 July 2024. This area is located in Boothanoor village, under the Sunguvarchattram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Annai Therasa Nagar has changed

The guideline value for Annai Therasa Nagar has undergone several revisions over the years. The earliest recorded figure is from 2012, where it was Rs 125 per sq.ft. This value then decreased to Rs 84 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the guideline value increased by 50%, bringing it back to Rs 126 per sq.ft, a figure that remained unchanged in the 2024 revision.

Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 1%.

Guideline values in Boothanoor

In Boothanoor village, there are five streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 100 to Rs 471 per sq.ft. The median value for these streets is Rs 126 per sq.ft, which is equal to the current guideline value of Annai Therasa Nagar.

• Jemi Housing Annai therasa Nagar phase: Rs 126 per sq.ft (2024)
• Padmavathy Nagar: Rs 100 per sq.ft (2024)
• Ragavendhra Nagar: Rs 150 per sq.ft (2024)
• Sipcot Boothanoor: Rs 471 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Therasa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 126 per sq.ft, the total guideline value amounts to Rs 1,26,000. The stamp duty at 7% would be Rs 8,820, while the registration fee at 2% would be Rs 2,520, bringing the total cost for these fees to Rs 11,340. 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 Therasa Nagar?

The Sub Registrar Office that covers Annai Therasa Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Boothanoor. It determines the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers and sellers must consider this value to understand their obligations regarding stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Annai Therasa Nagar?

The current guideline value of Annai Therasa Nagar is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2012 to Rs 84 per sq.ft in 2017, then increased to Rs 126 per sq.ft in 2023 and remained the same in 2024.

What are the other streets in Boothanoor with their guideline values?

Other streets in Boothanoor include Jemi Housing Annai therasa Nagar phase at Rs 126 per sq.ft, Padmavathy Nagar at Rs 100 per sq.ft, Ragavendhra Nagar at Rs 150 per sq.ft, and Sipcot Boothanoor at Rs 471 per sq.ft for 2024.

What are the stamp duty and registration fees for properties in Annai Therasa Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a property valued at Rs 1,26,000, the total fees would amount to Rs 11,340.

Where is the Sub Registrar Office for Annai Therasa Nagar located?

The Sub Registrar Office for Annai Therasa Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.