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Guideline Value

Corporate

Guideline Value for Annai Sathya Nagar Main Road

₹3300/sq.ft.

The guideline value for Annai Sathya Nagar Main Road in Valasaravakkam 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 - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class II Type - II
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 N/A
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 ₹439 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹404 /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 Main Road

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Annai Sathya Nagar Main Road guideline value

The current guideline value of Annai Sathya Nagar Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Valasaravakkam 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 Main Road has changed

The guideline value for Annai Sathya Nagar Main Road has undergone several revisions over the years. In 2002, the value was Rs 404 per sq.ft, which saw a rise to Rs 439 per sq.ft in 2003, marking an increase of 9%. The value continued to rise significantly, reaching Rs 500 per sq.ft in 2007, a 14% increase from the previous year. By 2012, the guideline value remained unchanged at Rs 3,000 per sq.ft.

The most recent revision occurred in 2023, where the guideline value was set at Rs 3,000 per sq.ft. However, in 2024, it increased to Rs 3,300 per sq.ft, reflecting a 10% rise. Notably, there is no guideline value recorded for this street in the 2017 revision.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with the 2024 guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for the area is Rs 3,850 per sq.ft, which means that the guideline value for Annai Sathya Nagar Main Road is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total charges Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Annai Sathya Nagar Main Road?

The Sub Registrar Office that covers Annai Sathya Nagar 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 further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in the government records.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable stamp duty and registration fees. This ensures that both parties comply with legal requirements during the property transaction.

Frequently asked questions

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

The current guideline value of Annai Sathya Nagar Main Road 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 from Rs 404 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 717% over the years.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 33,00,000, the total charges would be Rs 2,97,000.

Which office handles property registrations for Annai Sathya Nagar Main Road?

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

What is the median guideline value for streets in Valasaravakkam?

The median guideline value for streets in Valasaravakkam is Rs 3,850 per sq.ft, with Annai Sathya Nagar Main Road's guideline value being below this median.