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Guideline Value

Corporate

Guideline Value for Annai Velankanni Nagar Phase I

₹3190/sq.ft.

The guideline value for Annai Velankanni Nagar Phase I in Madanandapuram village (Kunrathur SRO, Chennai zone) is Rs 3190 per sq.ft, effective 1 July 2024. It was Rs 2900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madanandapuram

Village

Kunrathur

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹3190 /sq.ft.
From 1-4-2023 ₹2900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1943 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹722 /sq.ft.
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.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Velankanni Nagar Phase I

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Annai Velankanni Nagar Phase I guideline value

The current guideline value of Annai Velankanni Nagar Phase I is Rs 3,190 per sq.ft, effective from 1 July 2024. This area is located in Madanandapuram village under the Kunrathur SRO and is classified as Residential Special Type - III.

How the guideline value of Annai Velankanni Nagar Phase I has changed

The guideline value for Annai Velankanni Nagar has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 722 per sq.ft. This increased significantly to Rs 2,900 per sq.ft in 2012, marking a substantial rise of 302%. However, the value saw a decrease to Rs 1,943 per sq.ft in 2017, which was a drop of 33%. Following this, the value surged to Rs 2,900 per sq.ft in 2023, and then to the current rate of Rs 3,190 per sq.ft in 2024, reflecting a 10% increase.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 342%.

Guideline values in Madanandapuram

Madanandapuram village has 94 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 2,530 to Rs 5,830 per sq.ft. The median value for the village is Rs 3,520 per sq.ft, placing Annai Velankanni Nagar's current value below this median.

Stamp duty and registration fee for property in Annai Velankanni Nagar Phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 3,190 per sq.ft, the total guideline value amounts to Rs 31,90,000. The stamp duty at 7% would be Rs 2,23,300, and the registration fee at 2% would be Rs 63,800, bringing the total to Rs 2,87,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Velankanni Nagar Phase I?

The Sub Registrar Office that covers Annai Velankanni Nagar Phase I is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Madanandapuram. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value is set by the government and is subject to periodic revisions based on market conditions and other factors.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in the real estate market. Buyers should be aware that the guideline value can influence their overall costs when acquiring property in the area.

Frequently asked questions

What is the current guideline value of Annai Velankanni Nagar Phase I?

The current guideline value of Annai Velankanni Nagar Phase I is Rs 3,190 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 722 per sq.ft in 2007 to Rs 3,190 per sq.ft in 2024, marking an overall increase of 342% over the years.

What are the stamp duty rates for property in Annai Velankanni Nagar Phase I?

The stamp duty for property in Annai Velankanni Nagar Phase I is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office should I visit for property registration?

The Kunrathur Sub Registrar Office covers Annai Velankanni Nagar Phase I, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the guideline value determined in Madanandapuram?

The guideline value in Madanandapuram is determined by the government and is revised periodically based on various factors. It is used to assess the stamp duty and registration fees during property transactions.