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Guideline Value

Corporate

Guideline Value for Annai Indira Nagar Karunambigai Street

₹4400/sq.ft.

The guideline value for Annai Indira Nagar Karunambigai 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 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 Annai Indira Nagar Karunambigai Street

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Annai Indira Nagar Karunambigai Street guideline value

The current guideline value of Annai Indira Nagar Karunambigai 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 falls under the Residential Class II Type - II land classification.

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

The guideline value for Annai Indira Nagar Karunambigai Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, an increase of 10% from the 2023 figure of Rs 4,000 per sq.ft. Prior to that, in 2017, the value was Rs 2,680 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision had the value at Rs 4,000 per sq.ft, which was a decrease of 33% from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 revision to the current 2024 value, there has been a 10% increase.

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. The median guideline value is Rs 4,400 per sq.ft, which is equal to the current value of Annai Indira Nagar Karunambigai Street.

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

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

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Annai Indira Nagar Karunambigai Street?

The Sub Registrar Office that covers Annai Indira Nagar Karunambigai 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 plays a crucial role during the registration of property transactions in Velachery. It is used to determine the stamp duty and registration fees applicable for the property being bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable charges. This ensures that the fees reflect the true value of the transaction.

Frequently asked questions

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

The current guideline value of Annai Indira Nagar Karunambigai 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 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024. It was Rs 2,680 per sq.ft in 2017 and Rs 4,000 per sq.ft in 2012, showing various increases and decreases over the years.

What are the other streets in Velachery with the same guideline value?

Other streets in Velachery that share the same guideline value of Rs 4,400 per sq.ft include Annai Indira Nagar Karnam Street, Annai Indira Nagar Kumaran Street, Annai Indira Nagar Karikalan Street, Annai Indira Nagar Mahatma Gandhi Street, Annai Indira Nagar Kambar Street, and Annai Indira Nagar Kamathci Street.

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

The stamp duty for property in Annai Indira Nagar Karunambigai Street is calculated at 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000.

Where can I find the Sub Registrar Office for Annai Indira Nagar Karunambigai Street?

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