Guideline Value for Annapoorna Nagar Extension

Annapoorna Nagar Extension guideline value

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

How the guideline value of Annapoorna Nagar Extension has changed

The guideline value for Annapoorna Nagar Extension has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 1,005 per sq.ft. The next revision in 2023 increased the value to Rs 1,500 per sq.ft, followed by the current 2024 revision, which raised it to Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

It is important to note that the register has no figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Madhavaram

Madhavaram village features a range of guideline values across its 1,946 streets, with the 2024 figures varying from Rs 1,300 to Rs 7,500 per sq.ft. The median value for the village is Rs 1,600 per sq.ft, which matches the current guideline value for Annapoorna Nagar Extension.

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

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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Annapoorna Nagar Extension?

The Sub Registrar Office covering Annapoorna Nagar Extension is the Madhavaram Sub Registrar Office, located at 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 in the registration process for property transactions in Madhavaram. It determines the minimum value for which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value, as it can affect the overall costs involved in the transaction. Buyers should be aware that the stamp duty and registration fees will be calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Annapoorna Nagar Extension?

The current guideline value of Annapoorna Nagar Extension 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 2023 to Rs 1,600 per sq.ft in 2024, reflecting a 7% increase. It was Rs 1,005 per sq.ft in 2017, showing a significant increase of 49% by 2023.

What is the land classification of Annapoorna Nagar Extension?

Annapoorna Nagar Extension is classified as Residential Class II Type - I, indicating its use for residential purposes.

Where can I find the Madhavaram Sub Registrar Office?

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

How is the stamp duty calculated for properties in Madhavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 16,00,000, the stamp duty would be calculated accordingly.