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Guideline Value

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Guideline Value for Annai Indira Nagar Venu St ( Ward No.2 )

₹1300/sq.ft.

The guideline value for Annai Indira Nagar Venu St ( Ward No.2 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1200 /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)

No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Indira Nagar Venu St ( Ward No.2 )

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Annai Indira Nagar Venu St ( Ward No.2 ) guideline value

The current guideline value for Annai Indira Nagar Venu St ( Ward No.2 ) is Rs 1,300 per sq.ft, effective from the 2024 revision. This street is located in Madhavaram village under the Madhavaram SRO and falls under the Residential Class III Type - I land classification.

How the guideline value of Annai Indira Nagar Venu St ( Ward No.2 ) has changed

The guideline value for Annai Indira Nagar Venu St has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2023 revision, where it was again recorded at Rs 1,200 per sq.ft. In the 2024 revision, the value increased to Rs 1,300 per sq.ft, marking an 8% rise from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

Guideline values in Madhavaram

The 2024 guideline values for streets in Madhavaram range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. Annai Indira Nagar Venu St's 2024 figure is below this median.

Stamp duty and registration fee for property in Annai Indira Nagar Venu St ( Ward No.2 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total cost for these fees Rs 1,17,000. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Annai Indira Nagar Venu St ( Ward No.2 )?

The Sub Registrar Office covering Annai Indira Nagar Venu St is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of properties in Madhavaram. It is used to determine the stamp duty and registration fees that buyers need to pay, ensuring that these fees are based on an official valuation rather than the sale price alone.

When buying or selling property, the guideline value is referenced to ensure compliance with local regulations. This helps maintain transparency in property transactions and ensures that the fees collected are based on a standardized value.

Frequently asked questions

What is the current guideline value for Annai Indira Nagar Venu St?

The current guideline value for Annai Indira Nagar Venu St ( Ward No.2 ) is Rs 1,300 per sq.ft, effective from the 2024 revision.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 8%, going from Rs 1,200 per sq.ft to Rs 1,300 per sq.ft.

What is the land classification for Annai Indira Nagar Venu St?

Annai Indira Nagar Venu St is classified under Residential Class III Type - I according to the local land classification regulations.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Annai Indira Nagar Venu St is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 at a rate of 7%.