Guideline Value for Annapoorani Nagar / Annapoorna Nagar

Annapoorani Nagar / Annapoorna Nagar guideline value

The current guideline value of Annapoorani Nagar / Annapoorna Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Annapoorani Nagar / Annapoorna Nagar has changed

The guideline value for Annapoorani Nagar / Annapoorna Nagar has seen several revisions over the years. The 2012 revision recorded a value of Rs 1,500 per sq.ft, which was followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision. The 2023 revision then increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision set it at Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

From the 2017 revision to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value among these streets is Rs 1,600 per sq.ft, which is equal to the guideline value of Annapoorani Nagar / Annapoorna Nagar.

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

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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Annapoorani Nagar / Annapoorna Nagar?

The Madhavaram Sub Registrar Office covers Annapoorani Nagar / Annapoorna Nagar. The address is No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Madhavaram. It helps determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller approaches the registration office, the guideline value is used to assess the value of the property for tax purposes. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Annapoorani Nagar / Annapoorna Nagar?

The current guideline value of Annapoorani Nagar / Annapoorna Nagar 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 revisions in between, including a significant increase of 49% from 2017 to 2023.

What is the registration office for Annapoorani Nagar / Annapoorna Nagar?

The registration office for Annapoorani Nagar / Annapoorna Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, a 1,000 sq.ft property would incur total fees of Rs 1,44,000.

Where can I find more information about stamp duty and registration fees?

You can find more information and calculate your fees using the stamp duty and registration fee calculator.