Guideline Value for Annai Velankanni Nagar

Annai Velankanni Nagar guideline value

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

How the guideline value of Annai Velankanni Nagar has changed

Over the years, the guideline value for Annai Velankanni Nagar has seen several revisions. The most recent revision in 2024 set the value at Rs 700 per sq.ft, which remains unchanged from the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 469 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from 2017 to 2024, the guideline value has also increased by 49%, reflecting a consistent valuation over the last few years.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 400 per sq.ft. Annai Velankanni Nagar's current 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 amounts to Rs 7,00,000. The stamp duty at 7% would be 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 and the sale price. For more details, you can use the stamp duty and registration fee calculator.

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_B

The guideline value plays a crucial role during the registration of property transactions in Santhavellur_B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, which helps in maintaining a standard for property transactions in the area.

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?

Since the 2017 revision, the guideline value has increased by 49%, remaining at Rs 700 per sq.ft from 2023 to 2024. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

What is the land classification of Annai Velankanni Nagar?

Annai Velankanni Nagar is classified as Residential Special Type - II. This classification indicates the type of development and usage permitted in the area.

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

The Sub Registrar Office for Annai Velankanni Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How are stamp duty and registration fees calculated for properties in Annai Velankanni Nagar?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For instance, a 1,000 sq.ft plot at the guideline value of Rs 700 per sq.ft would incur a total fee of Rs 63,000, including stamp duty and registration fees.