Guideline Value

Corporate

Guideline Value for Anna Nagar Veeraraghavan Street

₹2750/sq.ft.

The guideline value for Anna Nagar Veeraraghavan Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /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 N/A
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)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 Veeraraghavan Street

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Anna Nagar Veeraraghavan Street guideline value

The current guideline value of Anna Nagar Veeraraghavan Street is Rs 2,750 per sq.ft. This street is located in Madipakkam-1 village under the Velacheri SRO and is classified as Residential Class I Type - III.

How the guideline value of Anna Nagar Veeraraghavan Street has changed

The guideline value for Anna Nagar Veeraraghavan Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft, which increased to Rs 2,500 per sq.ft in the 2023 revision. The latest revision in 2024 has raised the value to Rs 2,750 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Anna Nagar Veeraraghavan Street. The 2024 figure of Rs 2,750 per sq.ft is equal to the median guideline value for the 1,823 streets in Madipakkam-1 under the Velacheri SRO, which ranges from Rs 1,650 to Rs 5,500 per sq.ft.

Guideline values in Madipakkam-1

In Madipakkam-1, the guideline values vary across different streets. The current median value is Rs 2,750 per sq.ft, which is the same as the guideline value for Anna Nagar Veeraraghavan Street. Below are some of the other streets in Madipakkam-1:

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost to Rs 2,47,500. It is essential to note that the stamp duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Anna Nagar Veeraraghavan Street?

The Sub Registrar Office that covers Anna Nagar Veeraraghavan Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor in the registration process when buying or selling property in Madipakkam-1. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When a property is registered, the guideline value helps in assessing the fair value of the property, thereby facilitating a transparent transaction process. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations during the property transaction.

Frequently asked questions

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

The current guideline value of Anna Nagar Veeraraghavan Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft, which is the same as the current guideline value for Anna Nagar Veeraraghavan Street.

What are the stamp duty and registration fees for property in Anna Nagar Veeraraghavan Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 27,50,000, the total stamp duty and registration fees would amount to Rs 2,47,500.

Which office should I visit for property registration in Anna Nagar Veeraraghavan Street?

The Velacheri Sub Registrar Office is responsible for property registration in Anna Nagar Veeraraghavan Street. It is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.