Guideline Value for Annai Velanganni Nagar

Annai Velanganni Nagar guideline value

The current guideline value of Annai Velanganni Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Molachoor village under the Sunguvarchattram SRO and is classified as Residential Class IV Type - II.

How the guideline value of Annai Velanganni Nagar has changed

In the 2012 revision, the guideline value was set at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. Following this, the value increased significantly in the 2023 revision, returning to Rs 300 per sq.ft. The register has no figures for the revisions in 2002, 2003, and 2007.

From 2017 to 2023, there was a notable increase of 49%. However, from 2023 to 2024, the guideline value remained stable with no change, reflecting a 0% increase. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 300 per sq.ft.

Guideline values in Molachoor

In Molachoor village, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft, with a median value of Rs 600 per sq.ft. Annai Velanganni Nagar's 2024 figure is below this median.

• Annai Sivakami Street: Rs 300 per sq.ft (2024)
• Annai Santhiya Street: Rs 600 per sq.ft (2024)
• Annai Santhiya Nagar: Rs 605 per sq.ft (2024)
• Annai Nagar-V: Rs 500 per sq.ft (2024)
• Annai Nagar-IV: Rs 500 per sq.ft (2024)
• Annai Nagar-III: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Velanganni Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, while the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Velanganni Nagar?

The Sub Registrar Office that covers Annai Velanganni 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 information.

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

The guideline value plays a crucial role when buying or selling property in Molachoor, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers must ensure that the transaction value is at least equal to the guideline value to comply with legal requirements.

When registering a property, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the property is valued appropriately and that the necessary taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Annai Velanganni Nagar?

The current guideline value of Annai Velanganni Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since the 2012 revision, decreased to Rs 201 per sq.ft in 2017, and returned to Rs 300 per sq.ft in 2023. There were no figures for the revisions in 2002, 2003, and 2007.

What are the guideline values of other streets in Molachoor?

Other streets in Molachoor have varying guideline values. For instance, Annai Sivakami Street and Annai Velanganni Nagar both have a guideline value of Rs 300 per sq.ft, while Annai Santhiya Street is valued at Rs 600 per sq.ft.

What is the stamp duty for a property in Annai Velanganni Nagar?

The stamp duty for a property in Annai Velanganni Nagar is calculated at 7% of the guideline value. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000.

Where can I find the Sub Registrar Office for Annai Velanganni Nagar?

The Sub Registrar Office for Annai Velanganni Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more information about it online.