Guideline Value for Annai Therasa Nagar

Annai Therasa Nagar guideline value

The current guideline value of Annai Therasa Nagar is Rs 175 per sq.ft, effective from 1 July 2024. This area is located in Palnalloor village, under the Sunguvarchattram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Annai Therasa Nagar has changed

The guideline value for Annai Therasa Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 175 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 117 per sq.ft, reflecting a drop of 33%. This was followed by a significant increase in the 2023 revision, which brought the value back up to Rs 175 per sq.ft, marking a 50% increase from the 2017 figure.

As of the 2024 revision, the guideline value remains at Rs 175 per sq.ft, indicating no change from the previous year. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Palnalloor

In Palnalloor, there are 34 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 175 to Rs 471 per sq.ft, with a median value of Rs 200 per sq.ft. Annai Therasa Nagar's 2024 figure is below this median.

• Anumanth Nagar: Rs 200 per sq.ft (2024)
• Adhars Homes: Rs 200 per sq.ft (2024)
• Bajanai Kovil Street: Rs 175 per sq.ft (2024)
• Balaji Nagar Part - I: Rs 200 per sq.ft (2024)
• BalaVinayagar Street: Rs 175 per sq.ft (2024)
• Bharathi Nagar: Rs 200 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 175 per sq.ft, the total guideline value would be Rs 1,75,000. The stamp duty at 7% would amount to Rs 12,250, and the registration fee at 2% would be Rs 3,500, bringing the total fees to Rs 15,750. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, 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 Palnalloor

The guideline value plays a crucial role in the property registration process. When buying or selling property, 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 helps maintain transparency in property transactions and ensures that all parties are aware of the financial implications involved. It is advisable to check the current guideline value before proceeding with any property transaction in Palnalloor.

Frequently asked questions

What is the current guideline value of Annai Therasa Nagar?

The current guideline value of Annai Therasa Nagar is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 per sq.ft in 2012 to Rs 117 per sq.ft in 2017, then back to Rs 175 per sq.ft in 2023, and remains the same in 2024.

What is the land classification of Annai Therasa Nagar?

Annai Therasa Nagar is classified as Residential Class III Type - I, indicating its suitability for residential development.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total fees would amount to Rs 15,750.

Which office handles property registrations for Annai Therasa Nagar?

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