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Guideline Value

Corporate

Guideline Value for Annai Therasa Nagar 9th Street

₹2200/sq.ft.

The guideline value for Annai Therasa Nagar 9th Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 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

Madipakkam-1

Village

Velacheri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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 Therasa Nagar 9th Street

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Annai Therasa Nagar 9th Street guideline value

The current guideline value of Annai Therasa Nagar 9th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the Velacheri SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Annai Therasa Nagar 9th Street has changed

The guideline value for Annai Therasa Nagar 9th Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 2,000 per sq.ft. Looking further back, the 2017 revision recorded a value of Rs 1,340 per sq.ft, marking a significant increase of 49% to the 2023 figure. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, the guideline value has increased by 64% from the 2017 revision to the current 2024 figure. This reflects the changes in property valuation over the years, highlighting the adjustments made to the guideline value in response to various factors.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, positioning Annai Therasa Nagar 9th Street's 2024 figure below this median.

Stamp duty and registration fee for property in Annai Therasa Nagar 9th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Annai Therasa Nagar 9th Street?

The Sub Registrar Office that covers Annai Therasa Nagar 9th 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 more details.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value plays a crucial role in property transactions in Madipakkam-1. It is used as a basis for calculating the stamp duty and registration fees when buying or selling property. This ensures that the government receives the appropriate revenue from property transactions.

When registering a property, the buyer must pay fees based on the higher of the guideline value or the sale price. This means that if the sale price exceeds the guideline value, the fees will be calculated based on the sale price to ensure compliance with the legal requirements.

Frequently asked questions

What is the current guideline value of Annai Therasa Nagar 9th Street?

The current guideline value of Annai Therasa Nagar 9th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, which is a total increase of 64% over the years.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers this street?

The Velacheri Sub Registrar Office covers Annai Therasa Nagar 9th Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees when buying or selling property. It ensures that the fees are calculated based on the higher of the guideline value or the sale price.