Guideline Value for Annai Therasa Nagar

Annai Therasa Nagar guideline value

The current guideline value of Annai Therasa Nagar, located in Konnur village under the Konnur SRO, is Rs 5,500 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Annai Therasa Nagar has changed

The guideline value for Annai Therasa Nagar has undergone several revisions over the years. In 2007, the guideline value was set at Rs 1,500 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012, marking a rise of 233%. However, from 2012 to 2017, the value decreased to Rs 3,350 per sq.ft, a decline of 33%. The value then increased to Rs 5,000 per sq.ft in 2023, reflecting a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 5,500 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 267%.

Guideline values in Konnur

In Konnur village, there are 249 streets under the Konnur SRO that have a guideline value for 2024, ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median guideline value is Rs 3,800 per sq.ft, placing Annai Therasa Nagar's current value above the median.

• Annai Sathya Nagar - Mohambigai Koil Street: Rs 3,800 per sq.ft (2024)
• Annai Indira Nagar,Ist & 2nd Avenue: Rs 3,800 per sq.ft (2024)
• Arjun Nagar: Rs 5,500 per sq.ft (2024)
• Amman Kuttai and Streets: Rs 3,800 per sq.ft (2024)
• Ashoka Avenue (1st Main Street): Rs 6,000 per sq.ft (2024)
• Ashoka Avenue(1 to 5 Cross Street): Rs 6,000 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 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total cost for stamp duty and registration fees to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Annai Therasa Nagar?

The Sub Registrar Office that covers Annai Therasa Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Konnur. It is used to determine the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Annai Therasa Nagar?

The current guideline value of Annai Therasa Nagar is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, showing an overall increase of 267% over the years.

What is the land classification for Annai Therasa Nagar?

Annai Therasa Nagar is classified as Residential Class I Type - I.

Where can I find the Konnur Sub Registrar Office?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated in Annai Therasa Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 at a rate of 7%.