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Guideline Value

Corporate

Guideline Value for Annai Indira Nagar Mahatma Gandhi Street

₹4400/sq.ft.

The guideline value for Annai Indira Nagar Mahatma Gandhi 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 ₹430 /sq.ft.
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 Mahatma Gandhi Street

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Annai Indira Nagar Mahatma Gandhi Street guideline value

The current guideline value of Annai Indira Nagar Mahatma Gandhi Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Annai Indira Nagar Mahatma Gandhi Street has changed

The guideline value for Annai Indira Nagar Mahatma Gandhi Street has undergone several revisions over the years. Starting from the 2003 revision, the value was Rs 430 per sq.ft. This increased significantly to Rs 1,800 per sq.ft in 2007, marking a change of +319%. The 2012 revision saw a decrease to Rs 4,000 per sq.ft, reflecting a -33% change. By 2017, the guideline value rose to Rs 2,680 per sq.ft, which was a +49% increase from the previous revision. In 2023, the value was Rs 4,000 per sq.ft, and it has now been revised to Rs 4,400 per sq.ft in 2024, which is a +10% increase.

It is important to note that there is no figure available for the 2002 revision for this street. Overall, from 2003 to 2024, the guideline value has increased by +923%.

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 the same as the current guideline value for Annai Indira Nagar Mahatma Gandhi Street.

Stamp duty and registration fee for property in Annai Indira Nagar Mahatma Gandhi 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 cost for these fees 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Indira Nagar Mahatma Gandhi Street?

The Sub Registrar Office that covers Annai Indira Nagar Mahatma Gandhi 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 an important factor when registering property in Velachery. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased. When a transaction occurs, the registration fees and stamp duty are calculated based on this value, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Annai Indira Nagar Mahatma Gandhi Street?

The current guideline value for Annai Indira Nagar Mahatma Gandhi 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 increased from Rs 430 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, marking an overall increase of +923% over the years.

What is the land classification for this street?

The land classification for Annai Indira Nagar Mahatma Gandhi Street is Residential Class II Type - II.

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

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

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000. These fees are calculated based on the higher of the guideline value or the sale price.