Guideline Value for Annamalai Nagar

Annamalai Nagar guideline value

The current guideline value of Annamalai Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Annamalai Nagar has changed

The guideline value for Annamalai Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which remained unchanged in the 2023 revision, maintaining the same rate of Rs 1,200 per sq.ft. The 2024 revision also kept the guideline value at Rs 1,200 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2017 revision to the 2024 revision, the guideline value increased by 49% as well, reflecting the same rate of Rs 1,200 per sq.ft in both the 2023 and 2024 revisions.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. Annamalai Nagar's current guideline value of Rs 1,200 per sq.ft is below this median.

• Anandhanarayanapuram: Rs 2,000 per sq.ft (2024)
• Arul Nagar: Rs 2,001 per sq.ft (2024)
• Ambekar Street: Rs 1,500 per sq.ft (2024)
• Avvaiyar Street (Ward 11, Ward 16): Rs 1,200 per sq.ft (2024)
• Bajanai kovil Street: Rs 1,200 per sq.ft (2024)
• Achudhadoss Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Annamalai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annamalai Nagar?

The Sub Registrar Office that covers Annamalai Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Gooduvancheri. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall costs involved in the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Annamalai Nagar?

The current guideline value of Annamalai Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023 and 2024.

What are the guideline values of other streets in Gooduvancheri?

Other streets in Gooduvancheri have varying guideline values, with Anandhanarayanapuram at Rs 2,000 per sq.ft, Arul Nagar at Rs 2,001 per sq.ft, and Ambekar Street at Rs 1,500 per sq.ft, among others.

What is the registration fee for property in Annamalai Nagar?

The registration fee for property in Annamalai Nagar is calculated based on the guideline value. For a property valued at Rs 12,00,000, the registration fee would be Rs 24,000 at a rate of 2%.

Where is the Sub Registrar Office for Annamalai Nagar located?

The Sub Registrar Office for Annamalai Nagar is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.