Guideline Value for Annai Velankanni Nagar

Annai Velankanni Nagar guideline value

The current guideline value of Annai Velankanni Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024. This locality falls under Kunrathour-B village and is classified as Residential Class I Type - I. The relevant Sub Registrar Office for this area is Kunrathur SRO.

How the guideline value of Annai Velankanni Nagar has changed

The guideline value of Annai Velankanni Nagar has seen several revisions over the years. The oldest available figure is from the 2017 revision, which was Rs 737 per sq.ft. This figure increased significantly to Rs 1,100 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 set the guideline value at Rs 1,210 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, making the current value of Annai Velankanni Nagar below the median.

• Annai Therasa Nagar: Rs 1,760 per sq.ft (2024)
• Annababa Nagar: Rs 1,540 per sq.ft (2024)
• Andalukuppam Karai Medu: Rs 1,210 per sq.ft (2024)
• Andalkuppam/Pillaiyar Koil St.,: Rs 1,210 per sq.ft (2024)
• Andalkuppam Mayana Salai: Rs 1,210 per sq.ft (2024)
• Andal Kuppam Main Road: Rs 1,540 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 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, making the total fees Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or 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 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 Kunrathour-B

The guideline value is a crucial factor in the registration process of property transactions in Kunrathour-B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration norms and to avoid any legal issues during the transaction.

Frequently asked questions

What is the current guideline value of Annai Velankanni Nagar?

The current guideline value of Annai Velankanni Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 737 per sq.ft to Rs 1,210 per sq.ft in 2024, marking a total increase of 64% over these years.

What are the stamp duty and registration fees in Annai Velankanni Nagar?

For a property valued at the current guideline value of Rs 12,10,000, the stamp duty would be Rs 84,700 and the registration fee would be Rs 24,200, totaling Rs 1,08,900.

Which office handles property registrations in Annai Velankanni Nagar?

The Kunrathur Sub Registrar Office handles property registrations for Annai Velankanni Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the significance of the guideline value in property transactions?

The guideline value is essential in property transactions as it determines the minimum value for registration and helps in calculating the applicable stamp duty and registration fees.