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Guideline Value

Corporate

Guideline Value for ANNA NAGAR MUTHAMIZH STREET

₹1650/sq.ft.

The guideline value for Anna Nagar Muthamizh 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 Muthamizh Street

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Anna Nagar Muthamizh Street guideline value

The current guideline value of Anna Nagar Muthamizh 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 it falls under the Residential Class IV Type - II land classification.

How the guideline value of Anna Nagar Muthamizh Street has changed

The guideline value for Anna Nagar Muthamizh Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged in the 2017 revision, where it dropped to Rs 1,005 per sq.ft, marking a decrease of 33%. The 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased significantly by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase, showing a gradual rise in the guideline value over the years. The register has no figure for the years 2002, 2003, and 2007 for this street.

Guideline values in Thundalam

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

Stamp duty and registration fee for property in Anna Nagar Muthamizh Street

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

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

Which Sub Registrar Office covers Anna Nagar Muthamizh Street?

The Anna Nagar Muthamizh Street falls under 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 details.

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

The guideline value is a crucial factor when registering property transactions in Thundalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When a buyer or seller engages in a property transaction, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation and ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Anna Nagar Muthamizh Street?

The current guideline value of Anna Nagar Muthamizh 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, marking a 10% increase. It was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012, showing various changes over the years.

Where can I find the registration office for Anna Nagar Muthamizh Street?

The registration office for Anna Nagar Muthamizh 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.

What should I know about stamp duty and registration fees?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 16,50,000, resulting in specific fees.

What is the median guideline value in Thundalam?

The median guideline value for the 97 streets in Thundalam under the Chennai South Joint I SRO is Rs 1,870 per sq.ft, which is higher than the guideline value of Anna Nagar Muthamizh Street.