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Guideline Value

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Guideline Value for Annai Theresa Nagar

₹4400/sq.ft.

The guideline value for Annai Theresa Nagar in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 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

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹195 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹174 /sq.ft.
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

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Annai Theresa Nagar guideline value

The current guideline value of Annai Theresa Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of Annai Theresa Nagar has changed

The guideline value of Annai Theresa Nagar has seen several revisions over the years. In 2002, the value was Rs 174 per sq.ft, which increased to Rs 195 per sq.ft in 2003. Following this, the value surged significantly to Rs 1,500 per sq.ft in 2007, marking an increase of 669%. The value then rose to Rs 4,000 per sq.ft in 2012, a 167% increase from the previous revision. However, it fell to Rs 2,680 per sq.ft in 2017, reflecting a decrease of 33%. The most recent revisions show the value at Rs 4,000 per sq.ft in 2023, which then increased to Rs 4,400 per sq.ft in 2024, a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 2429%. The register has no figures for the years not mentioned above for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO with the 2024 guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which is equal to the current value of Annai Theresa Nagar.

Stamp duty and registration fee for property in Annai Theresa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Theresa Nagar?

The Sub Registrar Office that covers Annai Theresa Nagar 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

When a property is registered, the guideline value ensures that the transaction is documented at a fair value, which helps in maintaining transparency in property transactions. Buyers and sellers should be aware of the current guideline value to accurately assess their costs during the registration process.

Frequently asked questions

What is the current guideline value of Annai Theresa Nagar?

The current guideline value of Annai Theresa Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 174 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 2429%.

What are the stamp duty and registration fees in Annai Theresa Nagar?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Annai Theresa Nagar?

The Velacheri Sub Registrar Office handles registrations for Annai Theresa Nagar, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for Annai Theresa Nagar?

Annai Theresa Nagar is classified as Residential Class II Type - II, which is relevant for determining its guideline value and usage.