Guideline Value

Corporate

Guideline Value for ANNA AVENUE(ANNAMALAI AVENUE)

₹3900/sq.ft.

The guideline value for Anna Avenue(annamalai Avenue) in Okkiyamthuraipakkam village (Neelankarai SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Okkiyamthuraipakkam

Village

Neelankarai

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Anna Avenue(annamalai Avenue)

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Anna Avenue(Annamalai Avenue) guideline value

The current guideline value of Anna Avenue(Annamalai Avenue) is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village, under the Neelankarai SRO, and is classified as Residential Class I Type - II.

How the guideline value of Anna Avenue(Annamalai Avenue) has changed

The guideline value of Anna Avenue(Annamalai Avenue) has seen several revisions over the years. In the 2007 revision, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in the 2012 revision, marking a 250% rise. However, in the 2017 revision, the value decreased to Rs 2,345 per sq.ft, reflecting a 33% drop from the previous revision. The 2023 revision brought the value up to Rs 3,500 per sq.ft, and the latest 2024 revision has set it at Rs 3,900 per sq.ft, an 11% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 290%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing Anna Avenue(Annamalai Avenue) above this median.

Stamp duty and registration fee for property in Anna Avenue(Annamalai Avenue)

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that the 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 Anna Avenue(Annamalai Avenue)?

The Sub Registrar Office that covers Anna Avenue(Annamalai Avenue) is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Okkiyamthuraipakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the value of the property as recognized by the government. This process is essential for maintaining transparency and legality in property transactions.

Frequently asked questions

What is the current guideline value of Anna Avenue(Annamalai Avenue)?

The current guideline value of Anna Avenue(Annamalai Avenue) is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 290% over the years.

What are the guideline values of other streets in Okkiyamthuraipakkam?

Other streets in Okkiyamthuraipakkam have guideline values ranging from Rs 2,800 to Rs 3,900 per sq.ft, with the median value being Rs 3,300 per sq.ft.

What is the stamp duty for property in Anna Avenue(Annamalai Avenue)?

The stamp duty for property in Anna Avenue(Annamalai Avenue) is calculated at 7% of the guideline value, which would be Rs 2,73,000 for a property valued at Rs 39,00,000.

Where can I find the Sub Registrar Office for Anna Avenue(Annamalai Avenue)?

The Sub Registrar Office for Anna Avenue(Annamalai Avenue) is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.