Guideline Value for Annai Velankanni Nagar

Annai Velankanni Nagar guideline value

The current guideline value of Annai Velankanni Nagar, located in Santhavellur village under the Sunguvarchattram SRO, is Rs 700 per sq.ft, effective from 1 July 2024. This area falls under the Residential Special Type - II land classification.

How the guideline value of Annai Velankanni Nagar has changed

The guideline value for Annai Velankanni Nagar has seen several revisions over the years. In 2012, the guideline value was set at Rs 700 per sq.ft. This remained unchanged until the 2017 revision, where it decreased by 33% to Rs 469 per sq.ft. However, by the 2023 revision, the value increased by 49% to Rs 700 per sq.ft, which was maintained in the 2024 revision, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 700 per sq.ft.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,800 per sq.ft, with a median value of Rs 500 per sq.ft. Annai Velankanni Nagar's 2024 guideline value is above this median.

• Andal nagar Extension: Rs 500 per sq.ft (2024)
• Andal Nagar: Rs 400 per sq.ft (2024)
• Anubav greenland: Rs 850 per sq.ft (2024)
• Ambethkar Street: Rs 200 per sq.ft (2024)
• Ambal Nagar: Rs 400 per sq.ft (2024)
• Abdul Rahim street II: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Velankanni Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Velankanni Nagar?

The Sub Registrar Office that covers Annai Velankanni 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 Santhavellur

The guideline value is a critical factor in the registration process when buying or selling property in Santhavellur. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the current market conditions as assessed by the Registration Department. This process aids in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Annai Velankanni Nagar?

The current guideline value of Annai Velankanni Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 700 per sq.ft in 2024 and 2023, a decrease to Rs 469 per sq.ft in 2017, and a return to Rs 700 per sq.ft in 2012.

What are the guideline values of other streets in Santhavellur?

Other streets in Santhavellur have varying guideline values, ranging from Rs 200 to Rs 850 per sq.ft in 2024. For example, Andal Nagar is valued at Rs 400 per sq.ft, while Anubav greenland is at Rs 850 per sq.ft.

How is stamp duty calculated in Annai Velankanni Nagar?

Stamp duty in Annai Velankanni Nagar is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.

Where can I find more information about the Sub Registrar Office?

The Sunguvarchattram Sub Registrar Office covers Annai Velankanni Nagar. For more information, you can visit the relevant link to find your SRO.