Guideline Value for Annai Velankkanni Nagar

Annai Velankkanni Nagar guideline value

The current guideline value of Annai Velankkanni Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Adhanoor village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Annai Velankkanni Nagar has changed

Over the years, the guideline value for Annai Velankkanni Nagar has seen several revisions. The 2007 revision set the guideline value at Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision. However, this value saw a decrease to Rs 670 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 1,000 per sq.ft, which remains unchanged in the 2024 revision.

The changes between these revisions highlight a 400% increase from the 2007 to 2012 period, followed by a 33% decrease from 2012 to 2017. There was a notable 49% increase from 2017 to 2023, but no change from 2023 to 2024.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO with guideline values ranging from Rs 670 to Rs 3,000 per sq.ft. The median value is Rs 1,000 per sq.ft, which is equal to the 2024 figure for Annai Velankkanni Nagar.

• Annai Therasa Nagar: Rs 1,000 per sq.ft (2024)
• Anitha Township: Rs 1,000 per sq.ft (2024)
• Aniruth Nagar: Rs 1,000 per sq.ft (2024)
• Ansar City: Rs 1,000 per sq.ft (2024)
• Alwin Nagar Extn: Rs 1,000 per sq.ft (2024)
• Alwin Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Velankkanni Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees together to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Velankkanni Nagar?

The Sub Registrar Office that covers Annai Velankkanni Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Adhanoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property transaction occurs, the guideline value is compared to the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that all transactions are fairly assessed according to the established guidelines.

Frequently asked questions

What is the current guideline value of Annai Velankkanni Nagar?

The current guideline value of Annai Velankkanni Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and has remained at Rs 1,000 per sq.ft in 2023 and 2024.

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

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles registrations for Annai Velankkanni Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for Annai Velankkanni Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What is the land classification for Annai Velankkanni Nagar?

Annai Velankkanni Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.