Guideline Value for Annal Nagar

Annal Nagar guideline value

The current guideline value of Annal Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village under the Ambattur SRO and is classified as Residential Class III Type - II.

How the guideline value of Annal Nagar has changed

The guideline value for Annal Nagar has seen revisions over the years. In the 2012 revision, the value was set at Rs 1,400 per sq.ft. The most recent revision in 2024 has increased this value to Rs 1,500 per sq.ft, marking a change of +7% from the 2012 figure. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

From 2012 to 2024, the guideline value increased from Rs 1,400 to Rs 1,500 per sq.ft. This increase reflects the adjustments made in the guideline value register, which is maintained by the Registration Department.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO carrying a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. Annal Nagar's 2024 figure is below this median.

• Annai Therasa Street(sri Nagar colony): Rs 2,700 per sq.ft (2024)
• Anna Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Anna Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Annai Sathya Nagar (Bharathiyar First Street): Rs 2,800 per sq.ft (2024)
• Anna Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Anna Nagar 4th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Annal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annal Nagar?

The Sub Registrar Office that covers Annal Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Thirumullaivoyal. It is used to determine the stamp duty and registration fees applicable during the property registration process. Buyers should be aware that the guideline value is often used as a benchmark for calculating these fees.

When registering a property, the higher of the guideline value and the sale price will be considered for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Annal Nagar?

The current guideline value of Annal Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,400 per sq.ft in 2012 to Rs 1,500 per sq.ft in 2024, representing a +7% change. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification of Annal Nagar?

Annal Nagar is classified as Residential Class III Type - II. This classification is important for determining the guideline value and applicable regulations for properties in the area.

How is stamp duty calculated in Annal Nagar?

Stamp duty in Annal Nagar is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total duty would amount to Rs 1,35,000.

Where can I find the Sub Registrar Office for Annal Nagar?

The Sub Registrar Office covering Annal Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.