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Guideline Value

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Guideline Value for Annai Theresa Nagar Extn 2, 30th Salai

₹2200/sq.ft.

The guideline value for Annai Theresa Nagar Extn 2, 30th Salai 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 Theresa Nagar Extn 2, 30th Salai

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Annai Theresa Nagar Extn 2, 30th Salai guideline value

The current guideline value for Annai Theresa Nagar Extn 2, 30th Salai is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in the Madipakkam-1 village under the Velacheri SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Annai Theresa Nagar Extn 2, 30th Salai has changed

The guideline value for Annai Theresa Nagar Extn 2, 30th Salai has seen significant changes over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 1,340 per sq.ft. This value increased to Rs 2,000 per sq.ft in the 2023 revision, marking a rise of 49%. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, 2012. This indicates that the values for these years are not available for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 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 is Rs 2,750 per sq.ft, making the current guideline value for Annai Theresa Nagar Extn 2, 30th Salai below this median.

Stamp duty and registration fee for property in Annai Theresa Nagar Extn 2, 30th Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to 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 Theresa Nagar Extn 2, 30th Salai?

The Sub Registrar Office that covers Annai Theresa Nagar Extn 2, 30th Salai 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 is a crucial factor in property transactions in Madipakkam-1, as it determines the minimum value at which a property can be registered. When buying or selling property, this value is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions comply with legal requirements.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. The registration office will charge duty based on the higher amount, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Annai Theresa Nagar Extn 2, 30th Salai?

The current guideline value for Annai Theresa Nagar Extn 2, 30th Salai is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, rising from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024.

What were the guideline values in the previous revisions?

The guideline values for previous revisions are as follows: Rs 1,340 per sq.ft in 2017, Rs 2,000 per sq.ft in 2023, and Rs 2,200 per sq.ft in 2024.

What is the registration office for properties in this area?

The registration office for properties in Annai Theresa Nagar Extn 2, 30th Salai is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.