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Guideline Value

Corporate

Guideline Value for Annai Indira Nagar Karikalan Street

₹4400/sq.ft.

The guideline value for Annai Indira Nagar Karikalan Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
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 Annai Indira Nagar Karikalan Street

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Annai Indira Nagar Karikalan Street guideline value

The current guideline value of Annai Indira Nagar Karikalan Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of Annai Indira Nagar Karikalan Street has changed

The guideline value for Annai Indira Nagar Karikalan Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,800 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, there was a decrease to Rs 2,680 per sq.ft in the 2017 revision. The value then rose sharply to Rs 4,000 per sq.ft in 2023 and has now reached Rs 4,400 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 144%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. Annai Indira Nagar Karikalan Street's 2024 guideline value is equal to this median.

Stamp duty and registration fee for property in Annai Indira Nagar Karikalan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Indira Nagar Karikalan Street?

The Sub Registrar Office that covers Annai Indira Nagar Karikalan 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 Velachery

The guideline value is a crucial factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property transaction occurs, the buyer and seller must consider the guideline value to ensure compliance with legal requirements. The registration authorities will use this value to calculate the applicable fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Annai Indira Nagar Karikalan Street?

The current guideline value of Annai Indira Nagar Karikalan Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 144% over this period.

What is the stamp duty for property in Annai Indira Nagar Karikalan Street?

The stamp duty for property in Annai Indira Nagar Karikalan Street is 7% of the guideline value. For a 1,000 sq.ft plot, the stamp duty would be Rs 3,08,000 based on the current guideline value.

Where is the Sub Registrar Office for Annai Indira Nagar Karikalan Street located?

The Sub Registrar Office for Annai Indira Nagar Karikalan Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for Annai Indira Nagar Karikalan Street?

Annai Indira Nagar Karikalan Street is classified as Residential Class II Type - II, which is important for understanding the zoning and usage regulations for properties in this area.