Guideline Value for Annai Theresa Nagar

Annai Theresa Nagar guideline value

The current guideline value of Annai Theresa Nagar is Rs 1,100 per sq.ft, as per the 2023 revision. This area is located in Ayyencheri village under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Annai Theresa Nagar has changed

The guideline value for Annai Theresa Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 370 per sq.ft, which increased significantly to Rs 1,100 per sq.ft in the 2012 revision, marking a remarkable rise of 197%. However, by the 2017 revision, the value dropped to Rs 737 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 1,100 per sq.ft, representing an increase of 49% from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 197%. Notably, there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Ayyencheri

Currently, there are no specific village figures provided for Ayyencheri. The guideline value for Annai Theresa Nagar is set at Rs 1,100 per sq.ft. There are no other streets in Ayyencheri listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Annai Theresa Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that stamp duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Theresa Nagar?

The Sub Registrar Office that covers Annai Theresa Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ayyencheri. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a buyer or seller engages in a property transaction, the guideline value helps ensure that the correct fees are calculated based on the higher of either the guideline value or the actual sale price. This process helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Annai Theresa Nagar?

The current guideline value of Annai Theresa Nagar is Rs 1,100 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 370 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2012, then decreased to Rs 737 per sq.ft in 2017, and returned to Rs 1,100 per sq.ft in 2023.

What is the classification of land in Annai Theresa Nagar?

Annai Theresa Nagar is classified as Residential Special Type - I, indicating its designated use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.