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Guideline Value

Corporate

Guideline Value for Annai Maniyammai Nagar

₹2700/sq.ft.

The guideline value for Annai Maniyammai Nagar in Peravallur village (Sembiam SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Peravallur

Village

Sembiam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹388 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹356 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Maniyammai Nagar

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Annai Maniyammai Nagar guideline value

The current guideline value for Annai Maniyammai Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Peravallur village and falls under the Sembiam SRO. The land classification is Residential Class I Type - I.

How the guideline value of Annai Maniyammai Nagar has changed

The guideline value for Annai Maniyammai Nagar has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 356 per sq.ft. In 2003, it increased to Rs 388 per sq.ft, followed by a significant rise to Rs 700 per sq.ft in 2007. The value then saw a substantial jump to Rs 2,500 per sq.ft in 2012, but it decreased to Rs 1,675 per sq.ft in 2017. The 2023 revision set the value at Rs 2,500 per sq.ft, and the latest revision in 2024 has increased it to Rs 2,700 per sq.ft.

Between these revisions, the changes were notable. From 2002 to 2003, the increase was +9%. The value surged by +80% from 2003 to 2007, followed by a dramatic +257% increase from 2007 to 2012. However, it decreased by -33% from 2012 to 2017. The value then rose by +49% from 2017 to 2023, and the latest revision from 2023 to 2024 shows an increase of +8%. Overall, from 2002 to 2024, the guideline value has increased by +658%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 7,100 per sq.ft, with a median value of Rs 3,301 per sq.ft. The guideline value for Annai Maniyammai Nagar is below this median.

Stamp duty and registration fee for property in Annai Maniyammai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for these fees would be Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Maniyammai Nagar?

The Sub Registrar Office that covers Annai Maniyammai Nagar is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Peravallur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as the registration fees and stamp duties are based on the guideline value or the sale price, whichever is higher.

When a property is sold, the buyer is required to pay stamp duty and registration fees calculated based on the guideline value. This ensures that the property is valued fairly according to the established rates, which helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Annai Maniyammai Nagar?

The current guideline value of Annai Maniyammai Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, with the most recent increase being from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024. The overall increase from 2002 to 2024 is +658%.

What is the land classification for Annai Maniyammai Nagar?

The land classification for Annai Maniyammai Nagar is Residential Class I Type - I, indicating its suitability for residential purposes.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles the registration of properties in the area.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000.