Guideline Value

Corporate

Guideline Value for AI- Block, 8th Main Road 2417, 2418, 2419, 2460, 3327 to 3335

₹12600/sq.ft.

The guideline value for Ai- Block, 8th Main Road 2417, 2418, 2419, 2460, 3327 To 3335 in Naduvakkarai village (Annanagar SRO, Chennai zone) is Rs 12600 per sq.ft, effective 1 July 2024. It was Rs 11500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Naduvakkarai

Village

AnnaNagar

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹12600 /sq.ft.
From 1-4-2023 ₹11500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹7705 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹11500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹11000 /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 Ai- Block, 8th Main Road 2417, 2418, 2419, 2460, 3327 To 3335

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

AI- Block, 8th Main Road 2417, 2418, 2419, 2460, 3327 to 3335 guideline value

The current guideline value for AI- Block, 8th Main Road 2417, 2418, 2419, 2460, 3327 to 3335 is Rs 12,600 per sq.ft, effective from 1 July 2024. This property is located in Naduvakkarai village, under the AnnaNagar SRO, and is classified as Residential Special Type - I.

How the guideline value of AI- Block, 8th Main Road 2417, 2418, 2419, 2460, 3327 to 3335 has changed

Looking at the revisions, the guideline value has undergone several changes over the years. The 2007 revision set the value at Rs 11,000 per sq.ft, which increased to Rs 11,500 per sq.ft in 2012. However, between 2012 and 2017, the value decreased to Rs 7,705 per sq.ft. The subsequent revision in 2023 saw a significant increase to Rs 11,500 per sq.ft, followed by the latest revision in 2024, which raised it to Rs 12,600 per sq.ft. The register has no figure for this street in 2002 and 2003.

The changes between these revisions are noteworthy. From 2017 to 2023, there was a substantial increase of 49%. The value then rose by 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 15%.

Guideline values in Naduvakkarai

Naduvakkarai village features a range of guideline values across its 148 streets under the AnnaNagar SRO, with values ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median guideline value in this area is Rs 11,500 per sq.ft, positioning the 2024 figure for AI- Block, 8th Main Road above this median.

Stamp duty and registration fee for property in AI- Block, 8th Main Road 2417, 2418, 2419, 2460, 3327 to 3335

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 1,26,00,000. The stamp duty at 7% would be Rs 8,82,000, and the registration fee at 2% would be Rs 2,52,000, bringing the total to Rs 11,34,000. 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 AI- Block, 8th Main Road 2417, 2418, 2419, 2460, 3327 to 3335?

The AI- Block, 8th Main Road is covered by the AnnaNagar 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 Naduvakkarai

The guideline value plays a crucial role during property transactions in Naduvakkarai. It is used to determine the stamp duty and registration fees applicable when a property is sold or bought. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue based on the property's value at the time of sale.

Frequently asked questions

What is the current guideline value for AI- Block, 8th Main Road?

The current guideline value for AI- Block, 8th Main Road 2417, 2418, 2419, 2460, 3327 to 3335 is Rs 12,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 11,000 per sq.ft in 2007 to Rs 12,600 per sq.ft in 2024, with notable increases in 2023 and 2024.

What is the land classification for this area?

The land classification for AI- Block, 8th Main Road is Residential Special Type - I, indicating its designation for residential use.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office for AI- Block, 8th Main Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,26,00,000, the stamp duty would be Rs 8,82,000 at 7%.