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Guideline Value

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Guideline Value for ANNA NAGAR M.G.R. STREET

₹1650/sq.ft.

The guideline value for Anna Nagar M.g.r. Street in Thundalam village (Chennai South Joint I SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thundalam

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Nagar M.g.r. Street

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Anna Nagar M.G.R. Street guideline value

The current guideline value of Anna Nagar M.G.R. Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Thundalam village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Anna Nagar M.G.R. Street has changed

The guideline value for Anna Nagar M.G.R. Street has seen several revisions over the years. The 2024 revision sets the value at Rs 1,650 per sq.ft, which is an increase from Rs 1,500 per sq.ft in 2023, marking a 10% rise. Prior to that, the 2017 revision recorded a value of Rs 1,005 per sq.ft, reflecting a significant increase of 49% from the previous 2023 figure. The 2012 revision had the value at Rs 1,500 per sq.ft, which was a decrease of 33% from the 2017 value.

There are no recorded figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Thundalam

In Thundalam, there are 97 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. The guideline value for Anna Nagar M.G.R. Street is below this median.

Stamp duty and registration fee for property in Anna Nagar M.G.R. Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Nagar M.G.R. Street?

The Sub Registrar Office that covers Anna Nagar M.G.R. Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thundalam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is also an important factor in the registration process, ensuring that properties are valued consistently across the region.

When selling property, the guideline value can help sellers set a reasonable price for their property. It ensures transparency in transactions and helps in maintaining a standard valuation for properties in the area.

Frequently asked questions

What is the current guideline value of Anna Nagar M.G.R. Street?

The current guideline value of Anna Nagar M.G.R. Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, a 10% increase. From 2017 to 2023, it rose by 49%, while from 2012 to 2017, it decreased by 33%.

What is the classification of Anna Nagar M.G.R. Street?

Anna Nagar M.G.R. Street is classified as Residential Class IV Type - II.

Where can I find the Sub Registrar Office for Anna Nagar M.G.R. Street?

The Sub Registrar Office for Anna Nagar M.G.R. Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It also serves as a standard valuation for properties, ensuring fairness and transparency in the buying and selling process.