Guideline Value for Annai indra nagar

Annai indra nagar guideline value

The current guideline value of Annai indra nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Kilay village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Annai indra nagar has changed

Over the years, the guideline value for Annai indra nagar has seen several revisions. The earliest recorded figure is from 2007, with a guideline value of Rs 75 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2012, marking a 433% increase. However, the value dropped to Rs 268 per sq.ft in 2017, a decrease of 33%. The value remained the same at Rs 400 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

To summarize the revisions: from 2017 to 2023, the guideline value increased by 49%. The overall change from 2007 to 2024 is a remarkable 433%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kilay

In Kilay village, there are 31 streets under the Sriperumpudur SRO that have a guideline value for 2024, ranging from Rs 100 to Rs 400 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Annai indra nagar's 2024 figure above that median.

• Ambedhkar Street: Rs 100 per sq.ft (2024)
• Bhuvaneswari Nagar: Rs 300 per sq.ft (2024)
• Bhuvaneswari Nagar II: Rs 300 per sq.ft (2024)
• Bhuvaneswari Nagar VIII: Rs 300 per sq.ft (2024)
• Buvaneswari Nagar IV: Rs 300 per sq.ft (2024)
• Green Field: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Annai indra nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty is calculated at 7%, which totals Rs 28,000, and the registration fee is 2%, amounting to Rs 8,000. Together, the total fees would be Rs 36,000. 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 information on fees.

Which Sub Registrar Office covers Annai indra nagar?

The Sub Registrar Office that covers Annai indra nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Kilay. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value ensures that the transaction is recorded accurately in the official documents.

Additionally, the guideline value impacts the stamp duty and registration fees that are applicable during the property transaction. Buyers must be aware of the guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Annai indra nagar?

The current guideline value of Annai indra nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most significant changes occurring between 2007 and 2012, where it increased from Rs 75 to Rs 400 per sq.ft. The value remained stable at Rs 400 per sq.ft in 2023 and 2024.

What is the land classification for Annai indra nagar?

The land classification for Annai indra nagar is Residential Special Type - I.

Where can I find the Sub Registrar Office for Annai indra nagar?

The Sub Registrar Office for Annai indra nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Annai indra 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 4,00,000, the stamp duty at 7% would be Rs 28,000.