Guideline Value for Annai Velankanni Nagar Annexe

Annai Velankanni Nagar Annexe guideline value

The current guideline value of Annai Velankanni Nagar Annexe is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is located in Mogalivakkam village and falls under the Kunrathur SRO. The land classification for this region is Mixed Special Type - I.

How the guideline value of Annai Velankanni Nagar Annexe has changed

The guideline value for Annai Velankanni Nagar Annexe has seen several revisions over the years. In 2007, the guideline value was Rs 750 per sq.ft, which increased significantly to Rs 3,200 per sq.ft in 2012, marking a remarkable increase of 327%. However, by 2017, the value decreased to Rs 2,144 per sq.ft, a drop of 33%. The value then rose sharply to Rs 3,200 per sq.ft in 2023, followed by a further increase to Rs 3,520 per sq.ft in 2024, reflecting a 10% rise.

Overall, from 2007 to 2024, the guideline value has increased by 369%. The revisions for the years 2002 and 2003 do not have figures available for this street.

Guideline values in Mogalivakkam

In Mogalivakkam, there are 98 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,530 to Rs 6,600 per sq.ft, with a median value of Rs 2,970 per sq.ft. The guideline value for Annai Velankanni Nagar Annexe is above this median.

• Annai Velankanni Nagar: Rs 3,520 per sq.ft (2024)
• Annai Kamala Street: Rs 2,860 per sq.ft (2024)
• Arumugam Nagar: Rs 2,970 per sq.ft (2024)
• Arumugam Nagar 1st Street: Rs 2,970 per sq.ft (2024)
• Ananda Nagar: Rs 2,860 per sq.ft (2024)
• Amman Koil Street: Rs 2,860 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Velankanni Nagar Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total fees to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Velankanni Nagar Annexe?

The Sub Registrar Office that covers Annai Velankanni Nagar Annexe is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when it comes to property transactions in Mogalivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Annai Velankanni Nagar Annexe?

The current guideline value of Annai Velankanni Nagar Annexe is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 750 per sq.ft in 2007 to Rs 3,520 per sq.ft in 2024, marking an overall increase of 369% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Which Sub Registrar Office covers Annai Velankanni Nagar Annexe?

The Kunrathur Sub Registrar Office covers Annai Velankanni Nagar Annexe, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Annai Velankanni Nagar Annexe?

The land classification for Annai Velankanni Nagar Annexe is Mixed Special Type - I, which indicates the type of land use permitted in the area.