Guideline Value for Annai Velankanni Nagar

Annai Velankanni Nagar guideline value

The current guideline value of Annai Velankanni Nagar, located in Madanandapuram village under the Kunrathur SRO, is Rs 3,190 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of Annai Velankanni Nagar has changed

Over the years, the guideline value for Annai Velankanni Nagar has seen significant changes. The 2007 revision recorded a value of Rs 400 per sq.ft, which increased dramatically to Rs 2,900 per sq.ft in 2012, marking a rise of 625%. However, from 2012 to 2017, the value decreased to Rs 1,943 per sq.ft, a drop of 33%. The value then rose to Rs 2,900 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 3,190 per sq.ft, a 10% increase from the previous year.

The guideline value register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 698%.

Guideline values in Madanandapuram

Madanandapuram village features a range of guideline values across its 94 streets under the Kunrathur SRO, with 2024 figures ranging from Rs 2,530 to Rs 5,830 per sq.ft. The median value is Rs 3,520 per sq.ft, making the current value of Annai Velankanni Nagar below that median.

• Annai Velankanni Nagar Phase I: Rs 3,190 per sq.ft (2024)
• Andal Amman Avenue: Rs 3,190 per sq.ft (2024)
• A.V. Subramaniyam Nagar: Rs 3,190 per sq.ft (2024)
• Bajanai Koil Bangalow Street: Rs 3,190 per sq.ft (2024)
• Bajanai Koil Grama Natham: Rs 3,520 per sq.ft (2024)
• Bajanai Koil Mettu colony: Rs 3,190 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 3,190 per sq.ft, the total guideline value would be Rs 31,90,000. The stamp duty at 7% would amount to Rs 2,23,300, while the registration fee at 2% would be Rs 63,800. Together, these fees would total Rs 2,87,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Velankanni Nagar?

The Sub Registrar Office covering Annai Velankanni Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Madanandapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government collects the appropriate taxes on property transactions.

When buying or selling property, the guideline value is taken into account to assess the official value of the property. This value is used to calculate the applicable fees, which are based on either the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Annai Velankanni Nagar?

The current guideline value of Annai Velankanni Nagar is Rs 3,190 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 400 per sq.ft in 2007 to Rs 3,190 per sq.ft in 2024, reflecting an overall increase of 698% since 2007.

What is the classification of land in Annai Velankanni Nagar?

The land classification for Annai Velankanni Nagar is Residential Special Type - III.

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

For a property valued at Rs 31,90,000, the stamp duty would be Rs 2,23,300, and the registration fee would be Rs 63,800, totaling Rs 2,87,100.

Where is the nearest Sub Registrar Office located?

The nearest Sub Registrar Office is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.