Guideline Value for SRI ANNAMALAIYAR NAGAR

Sri Annamalaiyar Nagar guideline value

The current guideline value of Sri Annamalaiyar Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Siyamangalam village and falls under the Walajabad SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Sri Annamalaiyar Nagar has changed

The guideline value for Sri Annamalaiyar Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 248 per sq.ft, which remained unchanged at Rs 300 per sq.ft in the 2023 revision. The 2024 revision also maintains this value, showing no change from the previous year, resulting in an overall increase of 21% from 2017 to 2024.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The guideline value has thus remained consistent at Rs 300 per sq.ft since 2023, reflecting a stable valuation in recent years.

Guideline values in Siyamangalam

Siyamangalam village features a range of guideline values across its 12 streets under the Walajabad SRO, with values ranging from Rs 250 to Rs 371 per sq.ft. The guideline value for Sri Annamalaiyar Nagar is equal to the median value of Rs 300 per sq.ft for 2024.

• Sri Ganapathy Nagar: Rs 250 per sq.ft (2024)
• Sri Ganesa Nagar: Rs 371 per sq.ft (2024)
• Sri Lakshmi Avenue: Rs 300 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 371 per sq.ft (2024)
• Sri Ramajayam Nagar: Rs 371 per sq.ft (2024)
• Sri Samy Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Annamalaiyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty is charged at 7%, resulting in Rs 21,000, while the registration fee is 2%, amounting to Rs 6,000. Together, the total fees would be Rs 27,000. It is essential 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 Sri Annamalaiyar Nagar?

Sri Annamalaiyar Nagar is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Siyamangalam. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property.

During registration, the guideline value is compared to the sale price, with the higher amount being used to calculate the applicable duties. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sri Annamalaiyar Nagar?

The current guideline value of Sri Annamalaiyar Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since the 2023 revision, with a 21% increase from Rs 248 per sq.ft in 2017. There are no figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 3,00,000, the stamp duty is Rs 21,000 and the registration fee is Rs 6,000, totaling Rs 27,000. The duty is charged based on the higher of the guideline value or the sale price.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What is the land classification for Sri Annamalaiyar Nagar?

The land classification for Sri Annamalaiyar Nagar is Residential Special Type - I, indicating its designated use within the area.