Guideline Value for Rani Annadurai Nagar

Rani Annadurai Nagar guideline value

The current guideline value of Rani Annadurai Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Kodambakkam village and falls under the Ashok Nagar SRO, classified as Residential Class IV Type - II.

How the guideline value of Rani Annadurai Nagar has changed

The guideline value for Rani Annadurai Nagar has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 800 per sq.ft. This figure increased significantly to Rs 3,000 per sq.ft in 2012, marking a 275% rise. The value remained unchanged at Rs 3,000 per sq.ft until the 2023 revision, which set it at Rs 3,000 per sq.ft again.

In 2024, the guideline value was revised to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 313%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Rani Annadurai Nagar's 2024 figure below that median.

• Rani Annadurai Street: Rs 3,300 per sq.ft (2024)
• Rani Anna Nagar: Rs 3,300 per sq.ft (2024)
• Rathan Das Street: Rs 4,900 per sq.ft (2024)
• Rathinam Street (JPT): Rs 4,900 per sq.ft (2024)
• Rams Colony Old Door No.11, New Door No.21: Rs 7,000 per sq.ft (2024)
• Rams Colony for others: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Rani Annadurai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty, calculated at 7%, would be Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total fees would amount to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Rani Annadurai Nagar?

The Sub Registrar Office that covers Rani Annadurai Nagar is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kodambakkam. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. This value is essential for both buyers and sellers to understand the financial implications of a property transaction.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used for calculating the applicable fees. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Rani Annadurai Nagar?

The current guideline value of Rani Annadurai Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 313% over the years.

What is the median guideline value for streets in Kodambakkam?

The median guideline value for streets in Kodambakkam is Rs 4,900 per sq.ft, which is higher than the current value for Rani Annadurai Nagar.

What fees are associated with buying property in Rani Annadurai Nagar?

When buying property in Rani Annadurai Nagar, the fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Rani Annadurai Nagar located?

The Sub Registrar Office for Rani Annadurai Nagar is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.