Guideline Value for Annapoorani Nagar , Ponniammanmedu (Ward-23)

Annapoorani Nagar , Ponniammanmedu (Ward-23) guideline value

The current guideline value of Annapoorani Nagar , Ponniammanmedu (Ward-23) is Rs 1,600 per sq.ft, effective from 1 July 2024. This area falls under Madhavaram village and is classified as Residential Class II Type - I, registered with the Madhavaram Sub Registrar Office (SRO).

How the guideline value of Annapoorani Nagar , Ponniammanmedu (Ward-23) has changed

Over the years, the guideline value of Annapoorani Nagar has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged in the 2017 revision, where it was adjusted to Rs 1,005 per sq.ft. The subsequent 2023 revision increased the value to Rs 1,500 per sq.ft, and the latest 2024 revision further raised it to Rs 1,600 per sq.ft, marking a 7% increase from the previous year. Notably, the revisions for the years 2002, 2003, and 2007 have no figures listed for this street.

From 2012 to 2017, there was a significant decrease of 33%, followed by a remarkable increase of 49% from 2017 to 2023. Overall, when comparing the 2012 and 2024 revisions, the guideline value has increased by 7%.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with the 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value of these streets is Rs 1,600 per sq.ft, which aligns with the guideline value of Annapoorani Nagar.

• Annapoorani Nagar Annexe / extension: Rs 1,600 per sq.ft (2024)
• Annapoorani Nagar / Annapoorna Nagar: Rs 1,600 per sq.ft (2024)
• Annapoorna Nagar Extension: Rs 1,600 per sq.ft (2024)
• Annapoorani Annex II: Rs 1,600 per sq.ft (2024)
• Annapoorana Nagar (Ward-23): Rs 1,600 per sq.ft (2024)
• Anna Nagar (Ward-19): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Annapoorani Nagar , Ponniammanmedu (Ward-23)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Annapoorani Nagar , Ponniammanmedu (Ward-23)?

The Annapoorani Nagar , Ponniammanmedu (Ward-23) area is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Madhavaram. It determines the minimum value at which the property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Annapoorani Nagar?

The current guideline value of Annapoorani Nagar , Ponniammanmedu (Ward-23) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, with various fluctuations in between, including a decrease in 2017 and subsequent increases.

What is the land classification of Annapoorani Nagar?

Annapoorani Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Annapoorani Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 16,00,000 incurs a stamp duty of Rs 1,12,000 at 7%.