Guideline Value for Annapoorani Enclave

Annapoorani Enclave guideline value

The current guideline value of Annapoorani Enclave, located in Amarampedu village under the Sriperumpudur SRO, is Rs 350 per sq.ft, effective from 1 July 2024. This area falls under the Residential Special Type - I land classification, which is significant for property transactions in the region.

How the guideline value of Annapoorani Enclave has changed

The guideline value of Annapoorani Enclave has undergone several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft. This increased to Rs 350 per sq.ft in 2012, reflecting a rise of 75%. However, in 2017, the value decreased to Rs 234 per sq.ft, marking a decline of 33%. The value then saw a significant increase of 50% to reach Rs 350 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

Notably, the register does not provide figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 75%, showcasing the fluctuations in property valuation over the years.

Guideline values in Amarampedu

A total of 45 streets in Amarampedu under the Sriperumpudur SRO have a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for Annapoorani Enclave is above this median, indicating a higher valuation compared to many other streets in the village.

• Anna Street: Rs 126 per sq.ft (2024)
• Ambedhkar Street: Rs 100 per sq.ft (2024)
• Bajanai Koil Street: Rs 350 per sq.ft (2024)
• Blessing Nagar: Rs 126 per sq.ft (2024)
• Ellaiyamman Koil Street: Rs 126 per sq.ft (2024)
• Fab City: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Annapoorani Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total costs together to Rs 31,500. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Annapoorani Enclave?

The Sub Registrar Office that covers Annapoorani Enclave is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the official value of the property for registration purposes. When buying or selling property in Amarampedu, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all parties are aware of the financial obligations involved in the transaction.

It is essential for buyers and sellers to be informed about the guideline value, as it influences the overall costs associated with property registration. Understanding the guideline value helps in making informed decisions during real estate transactions in Amarampedu.

Frequently asked questions

What is the current guideline value of Annapoorani Enclave?

The current guideline value of Annapoorani Enclave is Rs 350 per sq.ft, effective from 1 July 2024. This value is important for property transactions in the area.

How has the guideline value changed over the years?

The guideline value of Annapoorani Enclave has changed several times, from Rs 200 per sq.ft in 2007 to Rs 350 per sq.ft in 2012, then decreasing to Rs 234 per sq.ft in 2017. The value increased back to Rs 350 per sq.ft in 2023 and remained the same in 2024.

What are the stamp duty and registration fees for property in Annapoorani Enclave?

For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500, and the registration fee would be Rs 7,000, totaling Rs 31,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registration for Annapoorani Enclave?

The Sriperumpudur Sub Registrar Office handles property registration for Annapoorani Enclave. It is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the official value of a property for registration purposes. It is used to calculate the stamp duty and registration fees, which are essential costs in any property transaction.