Guideline Value for Annammal Nagar

Annammal Nagar guideline value

The current guideline value of Annammal Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Kovur village and falls under the Kunrathur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Annammal Nagar has changed

The guideline value of Annammal Nagar has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, there was a decrease to Rs 1,005 per sq.ft in 2017. The 2023 revision set the value at Rs 1,500 per sq.ft, and the latest revision in 2024 increased it to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 313%. The revisions for the years 2002 and 2003 do not have figures available for this street.

Guideline values in Kovur

Kovur village has 91 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with the median being Rs 1,650 per sq.ft. Annammal Nagar's 2024 figure aligns with this median.

• A.P.S. Garden: Rs 1,650 per sq.ft (2024)
• Ane Avenue: Rs 2,300 per sq.ft (2024)
• Arumugam Nagar: Rs 1,650 per sq.ft (2024)
• Balaji Nagar: Rs 1,430 per sq.ft (2024)
• Balakrishna Nagar: Rs 1,430 per sq.ft (2024)
• Balamurugan Nagar: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Annammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annammal Nagar?

The Sub Registrar Office that covers Annammal Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kovur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the higher amount between the guideline value and the actual sale price is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Annammal Nagar?

The current guideline value of Annammal Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 313% over the years.

What is the land classification for Annammal Nagar?

The land classification for Annammal Nagar is Residential Special Type - I.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for property in Annammal Nagar?

The stamp duty is calculated based on the higher of the guideline value or the actual sale price. For example, a property valued at Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 at 7%.