Guideline Value for Annai Velankanni Nagar

Annai Velankanni Nagar guideline value

The current guideline value of Annai Velankanni Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is located in Mogalivakkam village, under the Kunrathur SRO, and is classified as Mixed Special Type - I.

How the guideline value of Annai Velankanni Nagar has changed

Over the years, the guideline value of Annai Velankanni Nagar has seen several revisions. The value was Rs 1,142 per sq.ft in 2007, which increased significantly to Rs 3,200 per sq.ft in 2012, marking a 180% rise. However, it dropped to Rs 2,144 per sq.ft in 2017, reflecting a decrease of 33%. The value then climbed to Rs 3,200 per sq.ft in 2023, before reaching the current figure of Rs 3,520 per sq.ft in 2024, representing a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 208%.

Guideline values in Mogalivakkam

Mogalivakkam village has a total of 98 streets under the Kunrathur SRO that carry a guideline value for 2024, ranging from Rs 2,530 to Rs 6,600 per sq.ft. The median value for these streets is Rs 2,970 per sq.ft, indicating that Annai Velankanni Nagar's 2024 figure is above this median.

• Annai Velankanni Nagar Annexe: Rs 3,520 per sq.ft (2024)
• Annai Kamala Street: Rs 2,860 per sq.ft (2024)
• Arumugam Nagar: Rs 2,970 per sq.ft (2024)
• Arumugam Nagar 1st Street: Rs 2,970 per sq.ft (2024)
• Ananda Nagar: Rs 2,860 per sq.ft (2024)
• Amman Koil Street: Rs 2,860 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 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total charges to Rs 3,16,800. Please note that the duty is charged on the higher of the guideline value and 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 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 Mogalivakkam

The guideline value is a crucial factor during the registration process when buying or selling property in Mogalivakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from 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 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,142 per sq.ft in 2007 to Rs 3,520 per sq.ft in 2024, showing an overall increase of 208%.

What is the land classification of Annai Velankanni Nagar?

Annai Velankanni Nagar is classified as Mixed Special Type - I according to the land classification records.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For example, a 1,000 sq.ft plot would incur a total of Rs 3,16,800 in charges.

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.