Guideline Value for SRI ANNAI KALEESHWARI NAGAR

Sri Annai Kaleeshwari Nagar guideline value

The current guideline value of Sri Annai Kaleeshwari Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Kolur village and falls under the Ponneri SRO. The land classification is Residential Class II Type - I.

How the guideline value of Sri Annai Kaleeshwari Nagar has changed

The guideline value for Sri Annai Kaleeshwari Nagar has seen notable changes over the years. In the 2017 revision, the value was Rs 67 per sq.ft. This increased to Rs 100 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase from 2017 to 2023, and an overall increase of 49% from 2017 to 2024. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2023 to 2024, the guideline value remained unchanged at Rs 100 per sq.ft, indicating stability in this period. The consistent value from 2023 to 2024 suggests that the guideline value has reached a plateau after significant increases in previous years.

Guideline values in Kolur

In Kolur, the guideline value for Sri Annai Kaleeshwari Nagar is currently Rs 100 per sq.ft. Other streets in Kolur under the Ponneri SRO include:

• Sri Kaligambal Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Annai Kaleeshwari Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Annai Kaleeshwari Nagar?

The Sub Registrar Office that covers Sri Annai Kaleeshwari Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kolur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the higher value between the guideline value and the sale price is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Annai Kaleeshwari Nagar?

The current guideline value of Sri Annai Kaleeshwari Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, marking a 49% increase over this period.

What is the registration office for Sri Annai Kaleeshwari Nagar?

The registration office for Sri Annai Kaleeshwari Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How are stamp duties calculated in Sri Annai Kaleeshwari Nagar?

Stamp duties are calculated based on the higher value between the guideline value and the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a total duty of Rs 9,000.

Are there other streets in Kolur with the same guideline value?

Yes, Sri Kaligambal Nagar is another street in Kolur that has the same guideline value of Rs 100 per sq.ft as Sri Annai Kaleeshwari Nagar for the year 2024.