Guideline Value for SRI ANNAMALAIYAR NAGAR

Sri Annamalaiyar Nagar guideline value

The current guideline value of Sri Annamalaiyar Nagar, located in Veligaram village under the Pallipattu SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Sri Annamalaiyar Nagar has changed

The guideline value for Sri Annamalaiyar Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft. However, by 2023, the value increased significantly to Rs 200 per sq.ft, and this figure has remained consistent through the 2024 revision.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 and 2024 revisions, there has been no change, maintaining the guideline value at Rs 200 per sq.ft.

Guideline values in Veligaram

Within Veligaram village, there are six streets under the Pallipattu SRO that have a guideline value for 2024, ranging from Rs 102 to Rs 200 per sq.ft. The median guideline value for these streets is Rs 126 per sq.ft, placing Sri Annamalaiyar Nagar's 2024 figure above that median.

• Somanatha Eswarar Nagar: Rs 102 per sq.ft (2024)
• Sri Lakshmi Narasimma Nagar: Rs 102 per sq.ft (2024)
• Sri Thanigai Nagar: Rs 200 per sq.ft (2024)
• Right Choice Thirumala Garden: Rs 150 per sq.ft (2024)
• Hari Gold City: Rs 102 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty is charged at 7%, amounting to Rs 14,000, while the registration fee is 2%, resulting in Rs 4,000. Therefore, the total cost for stamp duty and registration fees would be Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Annamalaiyar Nagar?

The Sub Registrar Office that covers Sri Annamalaiyar Nagar is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Veligaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that both the buyer and seller are aware of the financial obligations involved in the property transfer.

Frequently asked questions

What is the current guideline value of Sri Annamalaiyar Nagar?

The current guideline value of Sri Annamalaiyar Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and remains the same in 2024.

What is the land classification for Sri Annamalaiyar Nagar?

Sri Annamalaiyar Nagar is classified as Residential Class I Type - I.

What are the other streets in Veligaram and their guideline values?

Other streets in Veligaram include Somanatha Eswarar Nagar, Sri Lakshmi Narasimma Nagar, Sri Thanigai Nagar, Right Choice Thirumala Garden, and Hari Gold City, with guideline values ranging from Rs 102 to Rs 200 per sq.ft.

Where is the Sub Registrar Office located for Sri Annamalaiyar Nagar?

The Pallipattu Sub Registrar Office is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.