Guideline Value

Corporate

Guideline Value for AE- Block, 4th Avenue 78 to 86 (MIG Flats) 2264, 2266, 2267A, 2267B

₹15900/sq.ft.

The guideline value for Ae- Block, 4th Avenue 78 To 86 (mig Flats) 2264, 2266, 2267a, 2267b in Naduvakkarai village (Annanagar SRO, Chennai zone) is Rs 15900 per sq.ft, effective 1 July 2024. It was Rs 14500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Naduvakkarai

Village

AnnaNagar

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹15900 /sq.ft.
From 1-4-2023 ₹14500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹9715 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹14500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹13500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ae- Block, 4th Avenue 78 To 86 (mig Flats) 2264, 2266, 2267a, 2267b

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AE- Block, 4th Avenue 78 to 86 (MIG Flats) 2264, 2266, 2267A, 2267B guideline value

The current guideline value for AE- Block, 4th Avenue 78 to 86 (MIG Flats) 2264, 2266, 2267A, 2267B is Rs 15,900 per sq.ft, effective from 1 July 2024. This property is located in Naduvakkarai village and falls under the AnnaNagar SRO, classified as Commercial Class I Type - I.

How the guideline value of AE- Block, 4th Avenue 78 to 86 (MIG Flats) 2264, 2266, 2267A, 2267B has changed

Since the 2007 revision, the guideline value has experienced various changes. In 2007, the value was Rs 13,500 per sq.ft, which increased to Rs 14,500 per sq.ft in 2012, marking a 7% rise. However, from 2012 to 2017, it decreased by 33% to Rs 9,715 per sq.ft. The value then saw a significant increase of 49% from 2017 to 2023, reaching Rs 14,500 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 15,900 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 18%.

Guideline values in Naduvakkarai

In Naduvakkarai, there are 148 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median guideline value for these streets is Rs 11,500 per sq.ft, placing AE- Block, 4th Avenue 78 to 86 (MIG Flats) above this median.

Stamp duty and registration fee for property in AE- Block, 4th Avenue 78 to 86 (MIG Flats) 2264, 2266, 2267A, 2267B

For a 1,000 sq.ft plot at the current guideline value of Rs 15,900 per sq.ft, the total guideline value amounts to Rs 1,59,00,000. The stamp duty at 7% would be Rs 11,13,000, and the registration fee at 2% would be Rs 3,18,000, totaling Rs 14,31,000. 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 AE- Block, 4th Avenue 78 to 86 (MIG Flats) 2264, 2266, 2267A, 2267B?

The AE- Block, 4th Avenue 78 to 86 (MIG Flats) is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Naduvakkarai. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value for AE- Block, 4th Avenue 78 to 86 (MIG Flats)?

The current guideline value for AE- Block, 4th Avenue 78 to 86 (MIG Flats) is Rs 15,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, with the most recent increase being from Rs 14,500 per sq.ft in 2023 to Rs 15,900 per sq.ft in 2024, a 10% rise. The value has seen fluctuations, including a decrease from 2012 to 2017.

What is the median guideline value for streets in Naduvakkarai?

The median guideline value for the 148 streets in Naduvakkarai is Rs 11,500 per sq.ft. AE- Block, 4th Avenue 78 to 86 (MIG Flats) has a guideline value above this median.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in this area is 7%, while the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the AnnaNagar Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. This office handles the registration of properties in the area.