Guideline Value for Annanagar West end Colony

Annanagar West end Colony guideline value

The current guideline value of Annanagar West end Colony is Rs 7,100 per sq.ft, effective from 1 July 2024. This area is located in Mugappair village and falls under the Konnur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Annanagar West end Colony has changed

The guideline value for Annanagar West end Colony has seen several revisions over the years. In 2002, the guideline value was Rs 621 per sq.ft, which increased to Rs 682 per sq.ft in 2003. Following this, there was a significant rise to Rs 2,000 per sq.ft in 2007, and then it further increased to Rs 6,500 per sq.ft in 2012. However, there was a decrease to Rs 4,355 per sq.ft in 2017. The value then rose to Rs 6,500 per sq.ft in 2023, before reaching the current value of Rs 7,100 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 9% from 2023 to 2024. There was a notable increase of 49% from 2017 to 2023. The value decreased by 33% from 2012 to 2017, while it surged by 225% from 2007 to 2012. The rise from 2003 to 2007 was 193%, and there was a 10% increase from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 1,043%.

Guideline values in Mugappair

Mugappair village has 224 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft, with a median value of Rs 7,100 per sq.ft. Annanagar West end Colony's current guideline value matches this median.

• Anna Nagar West Extn: Rs 7,100 per sq.ft (2024)
• Annanagar Extension 7th Sector: Rs 7,100 per sq.ft (2024)
• Anna Street: Rs 3,800 per sq.ft (2024)
• Appu Flats: Rs 7,100 per sq.ft (2024)
• Angamuthu Nagar 1st, 2nd and 3rd Street: Rs 3,800 per sq.ft (2024)
• Asirvatham Nagar: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Annanagar West end Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total to Rs 6,39,000. 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 details.

Which Sub Registrar Office covers Annanagar West end Colony?

The Sub Registrar Office that covers Annanagar West end Colony is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

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

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

When a property is registered, the authorities will assess the guideline value to ensure that the correct fees are collected. This value is essential for both buyers and sellers to understand, as it impacts the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Annanagar West end Colony?

The current guideline value of Annanagar West end Colony is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, starting from Rs 621 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 1,043% over this period.

What is the land classification for Annanagar West end Colony?

The land classification for Annanagar West end Colony is Residential Special Type - I.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 and the registration fee would be Rs 1,42,000, totaling Rs 6,39,000.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.