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Guideline Value

Corporate

Guideline Value for Annai Sathya Nagar 2nd Main Road

₹2750/sq.ft.

The guideline value for Annai Sathya Nagar 2nd Main Road in Nesapakkam village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 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

Nesapakkam

Village

Virugambakkam

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2750 /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 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹330 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹300 /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 Sathya Nagar 2nd Main Road

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Annai Sathya Nagar 2nd Main Road guideline value

The current guideline value of Annai Sathya Nagar 2nd Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Nesapakkam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Annai Sathya Nagar 2nd Main Road has changed

The guideline value for Annai Sathya Nagar 2nd Main Road has seen several revisions over the years. Starting from Rs 300 per sq.ft in 2002, the value increased to Rs 330 per sq.ft in 2003, marking a 10% increase. The next significant jump occurred in 2007 when the value rose to Rs 500 per sq.ft, reflecting a 52% increase. Following this, the value surged to Rs 2,500 per sq.ft in 2012, a remarkable 400% increase. However, it then decreased to Rs 1,675 per sq.ft in 2017, a decline of 33%. The value experienced a substantial rise to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,750 per sq.ft as of the 2024 revision, which is a 10% increase from the previous year.

There are no figures available for the guideline value of Annai Sathya Nagar 2nd Main Road in revisions prior to 2002. Overall, from 2002 to 2024, the guideline value has increased by 817%.

Guideline values in Nesapakkam

Nesapakkam village has a total of 148 streets under the Virugambakkam SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 7,150 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, indicating that the guideline value of Annai Sathya Nagar 2nd Main Road is below the median.

Stamp duty and registration fee for property in Annai Sathya Nagar 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost to Rs 2,47,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Annai Sathya Nagar 2nd Main Road?

The Sub Registrar Office that covers Annai Sathya Nagar 2nd Main Road 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 details.

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

The guideline value is a crucial factor when registering a property in Nesapakkam. It determines the minimum price at which a property can be registered, ensuring that the transaction reflects a fair value according to government standards.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers must be aware that these charges are based on the guideline value or the sale price, whichever is higher, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Annai Sathya Nagar 2nd Main Road?

The current guideline value of Annai Sathya Nagar 2nd Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, representing an overall increase of 817% over this period.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office handles registrations for this street?

The Virugambakkam Sub Registrar Office handles registrations for Annai Sathya Nagar 2nd Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the median guideline value for streets in Nesapakkam?

The median guideline value for streets in Nesapakkam is Rs 3,300 per sq.ft, with Annai Sathya Nagar 2nd Main Road being below this median at Rs 2,750 per sq.ft.