Guideline Value

Corporate

Guideline Value for Annai Indra Nagar

₹3300/sq.ft.

The guideline value for Annai Indra Nagar in Nesapakkam village (Virugambakkam SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nesapakkam

Village

Virugambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹165 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹150 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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

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Annai Indra Nagar guideline value

The current guideline value of Annai Indra Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Nesapakkam village, under the Virugambakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Annai Indra Nagar has changed

Since the 2002 revision, the guideline value has seen significant changes. The value started at Rs 150 per sq.ft in 2002 and increased to Rs 165 per sq.ft in 2003, marking a 10% rise. The value then jumped to Rs 500 per sq.ft in 2007, reflecting a 203% increase. In 2012, it decreased to Rs 3,000 per sq.ft, a decline of 33%. The guideline value was Rs 2,010 per sq.ft in 2017, which was a 49% increase from the previous revision. The 2023 revision set the value at Rs 3,000 per sq.ft, and the latest revision in 2024 has increased it to Rs 3,300 per sq.ft, a rise of 10%.

Overall, from 2002 to 2024, the guideline value has increased by 2,100%. The register has no figures for the years between 2012 and 2017 for this street.

Guideline values in Nesapakkam

Nesapakkam village has 148 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 7,150 per sq.ft. The median value is Rs 3,300 per sq.ft, which matches the current guideline value for Annai Indra Nagar.

Stamp duty and registration fee for property in Annai Indra Nagar

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Indra Nagar?

The Sub Registrar Office covering Annai Indra Nagar is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Nesapakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation rather than the sale price.

When buying or selling property, the guideline value helps to standardize the transaction process, making it easier for both parties to understand the financial implications. It is important to refer to the latest guideline value to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Annai Indra Nagar?

The current guideline value of Annai Indra Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 150 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 2,100% over this period.

What is the registration office for Annai Indra Nagar?

The registration office for Annai Indra Nagar is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Annai Indra Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 2,31,000.

What are the other streets in Nesapakkam with guideline values?

Other streets in Nesapakkam include Annai Sathya Nagar 10th Street, 11th Street, 12th Street, 13th Street, and 1st Main Road, with guideline values ranging from Rs 2,200 to Rs 2,750 per sq.ft in 2024.