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Guideline Value

Corporate

Guideline Value for Annai Inidira Nagar Pillaiyar Koil Street

₹4400/sq.ft.

The guideline value for Annai Inidira Nagar Pillaiyar Koil 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 ₹2000 /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 Inidira Nagar Pillaiyar Koil Street

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Annai Inidira Nagar Pillaiyar Koil Street guideline value

The current guideline value of Annai Inidira Nagar Pillaiyar Koil 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 Inidira Nagar Pillaiyar Koil Street has changed

Over the years, the guideline value for Annai Inidira Nagar Pillaiyar Koil Street has seen several revisions. The 2007 revision set the value at Rs 2,000 per sq.ft, which increased by 100% to Rs 4,000 per sq.ft in the 2012 revision. However, this value then decreased by 33% to Rs 2,680 per sq.ft in the 2017 revision. Following this, the value rose significantly by 49% to Rs 4,000 per sq.ft in 2023, and then increased by 10% to the current guideline value of Rs 4,400 per sq.ft in 2024.

The register has no figures for the years 2002 and 2003 for this street. Therefore, the revisions available are from 2007 onward, showing an overall increase of 120% from Rs 2,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024.

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 aligns with the current guideline value for Annai Inidira Nagar Pillaiyar Koil Street.

Stamp duty and registration fee for property in Annai Inidira Nagar Pillaiyar Koil 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 the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Inidira Nagar Pillaiyar Koil Street?

The Sub Registrar Office that covers Annai Inidira Nagar Pillaiyar Koil 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 further assistance.

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

The guideline value is a crucial factor during the registration of property transactions 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 buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Annai Inidira Nagar Pillaiyar Koil Street?

The current guideline value of Annai Inidira Nagar Pillaiyar Koil 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 2,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 120% across the revisions.

What is the land classification of this street?

Annai Inidira Nagar Pillaiyar Koil Street is classified as Residential Class II Type - II.

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

The Velacheri Sub Registrar Office, which covers Annai Inidira Nagar Pillaiyar Koil Street, is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for property transactions?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000.