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Guideline Value

Corporate

Guideline Value for Annai Indra Nagar Main Road

₹4400/sq.ft.

The guideline value for Annai Indra Nagar Main Road 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 Indra Nagar Main Road

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Annai Indra Nagar Main Road guideline value

The current guideline value of Annai Indra Nagar Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road 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 Indra Nagar Main Road has changed

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

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 value is Rs 4,400 per sq.ft, which is the same as the current value for Annai Indra Nagar Main Road.

Stamp duty and registration fee for property in Annai Indra Nagar Main Road

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, while the registration fee at 2% would be Rs 88,000, bringing the total 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 Indra Nagar Main Road?

The Sub Registrar Office that covers Annai Indra Nagar Main Road 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 critical factor when buying or selling property in Velachery, as it determines the minimum price at which a property can be registered. This value is used by the registration department to calculate stamp duty and registration fees, which are mandatory for property transactions.

When a buyer and seller agree on a sale price, the registration office will charge the stamp duty based on the higher value between the guideline value and the agreed sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai Indra Nagar Main Road?

The current guideline value of Annai Indra Nagar Main Road 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.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 44,00,000, the total fees would be Rs 3,96,000.

Which office handles property registrations in Velachery?

The Velacheri Sub Registrar Office handles property registrations for Annai Indra Nagar Main Road. It is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the significance of the guideline value?

The guideline value is used to determine the minimum price for property registration and is essential for calculating stamp duty and registration fees. It ensures that property transactions are conducted at a regulated price.