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Guideline Value

Corporate

Guideline Value for ANNAI AVENUE 2nd STREET

₹2800/sq.ft.

The guideline value for Annai Avenue 2nd Street in Okkiyamthuraipakkam village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Okkiyamthuraipakkam

Village

Neelankarai

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /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)

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 Annai Avenue 2nd Street

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ANNAI AVENUE 2nd STREET guideline value

The current guideline value for ANNAI AVENUE 2nd STREET is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village under the Neelankarai SRO, classified as Residential Class II Type - II.

How the guideline value of ANNAI AVENUE 2nd STREET has changed

The guideline value for ANNAI AVENUE 2nd STREET has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 2,500 per sq.ft. This value remained the same in the subsequent revision in 2017, but then it decreased by 33% to Rs 1,675 per sq.ft. In the next revision in 2023, the value increased significantly by 49% to Rs 2,500 per sq.ft. The latest revision in 2024 saw another increase of 12%, bringing the current guideline value to Rs 2,800 per sq.ft.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, indicating that ANNAI AVENUE 2nd STREET's 2024 figure is below this median.

Stamp duty and registration fee for property in ANNAI AVENUE 2nd STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000. Together, the total cost for these fees would be Rs 2,52,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers ANNAI AVENUE 2nd STREET?

The Sub Registrar Office that covers ANNAI AVENUE 2nd STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Okkiyamthuraipakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the property is not undervalued during the sale process.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all parties involved are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value for ANNAI AVENUE 2nd STREET?

The current guideline value for ANNAI AVENUE 2nd STREET is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024. Overall, from 2012 to 2024, it has increased by 12%.

What is the land classification for ANNAI AVENUE 2nd STREET?

ANNAI AVENUE 2nd STREET is classified as Residential Class II Type - II, which indicates its designation for residential purposes.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in ANNAI AVENUE 2nd STREET?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at a guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000, with stamp duty and registration fees calculated accordingly.