Guideline Value for Annamalaiyar Nagar

Annamalaiyar Nagar guideline value

The current guideline value of Annamalaiyar Nagar in Panpakkam village, under the Gummidipoondi SRO, is Rs 750 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Mixed Type - II.

How the guideline value of Annamalaiyar Nagar has changed

The guideline value for Annamalaiyar Nagar has remained consistent over several revisions. The register shows that the guideline value was Rs 750 per sq.ft in the 2017 revision, which continued to be the same in the 2023 revision. The current 2024 revision also maintains this value at Rs 750 per sq.ft, indicating no change between these years.

Furthermore, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 0%.

Guideline values in Panpakkam

In Panpakkam, three streets under the Gummidipoondi SRO have a 2024 guideline value ranging from Rs 250 to Rs 750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which is equal to the guideline value of Annamalaiyar Nagar.

• Lucky Star City: Rs 250 per sq.ft (2024)
• அண்ணாமலையார் நகர்: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Annamalaiyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annamalaiyar Nagar?

The Sub Registrar Office covering Annamalaiyar Nagar is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Panpakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Annamalaiyar Nagar?

The current guideline value of Annamalaiyar Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 750 per sq.ft from the 2017 revision through to the 2024 revision, indicating no fluctuations during this period.

What is the land classification for Annamalaiyar Nagar?

Annamalaiyar Nagar falls under the land classification of Mixed Type - II.

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

The Sub Registrar Office for Annamalaiyar Nagar is located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

How is the stamp duty calculated for properties in Annamalaiyar 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 7,50,000, the stamp duty would be Rs 52,500 at 7% and the registration fee would be Rs 15,000 at 2%, totaling Rs 67,500.