Guideline Value for Annai Theresa Nagar

Annai Theresa Nagar guideline value

The current guideline value of Annai Theresa Nagar is Rs 800 per sq.ft. This area falls under Polacheri village and is registered with the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - I.

How the guideline value of Annai Theresa Nagar has changed

The guideline value for Annai Theresa Nagar has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 250 per sq.ft, which then increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a 220% rise. However, the 2017 revision saw a decrease to Rs 536 per sq.ft, a decline of 33% from the previous revision. The latest revision in 2023 restored the guideline value to Rs 800 per sq.ft, reflecting a 49% increase from 2017.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 220%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 in the register for this street.

Guideline values in Polacheri

Currently, there are no specific village figures available for Polacheri. Annai Theresa Nagar is one of the streets under the jurisdiction of the Gooduvancheri SRO.

Stamp duty and registration fee for property in Annai Theresa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is essential to note that the 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 Gooduvancheri Sub Registrar Office covers Annai Theresa Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Polacheri, as it determines the minimum value at which properties can be registered. When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is important for buyers and sellers to be aware of the guideline value to ensure compliance with local regulations. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai Theresa Nagar?

The current guideline value of Annai Theresa Nagar is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the value rising from Rs 250 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreasing to Rs 536 per sq.ft in 2017, and finally returning to Rs 800 per sq.ft in 2023.

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

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000, and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

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

What is the land classification for Annai Theresa Nagar?

The land classification for Annai Theresa Nagar is Residential Special Type - I, indicating its designated use for residential purposes.