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 street is located in Santhavellur_C village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - II.

How the guideline value of Annai Velankanni Nagar has changed

Looking at the revisions, the guideline value for Annai Velankanni Nagar has remained consistent at Rs 700 per sq.ft for both the 2023 and 2024 revisions. The previous revision in 2017 recorded a guideline value of Rs 469 per sq.ft, indicating a significant increase of 49% from 2017 to 2023, and the same percentage increase from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Thus, the only revisions with figures are from 2017, 2023, and 2024, showing stability in the most recent years.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 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 350 per sq.ft. The guideline value of Annai Velankanni Nagar 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, making the total cost 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, opposite Caparo Company, 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_C

The guideline value is a crucial factor in the registration process when buying or selling property in Santhavellur_C. It serves as the basis for determining the stamp duty and registration fees, which are mandatory costs associated with property transactions.

When a property is sold, the guideline value is assessed to ensure that the transaction is recorded accurately. Buyers should be aware that the stamp duty and registration fees will be calculated based on the higher value between the guideline value and the sale price.

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 remained at Rs 700 per sq.ft from 2023 to 2024, while it was Rs 469 per sq.ft in 2017, marking a 49% increase over the period from 2017 to 2024.

What is the land classification of Annai Velankanni Nagar?

Annai Velankanni Nagar is classified as Residential Special Type - II under the guideline value register.

Where can I find the registration office for Annai Velankanni Nagar?

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

How is stamp duty calculated for properties in Annai Velankanni Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at 7%.