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Guideline Value

Corporate

Guideline Value for Annaji Rao Nagar 2nd Main Road

₹3850/sq.ft.

The guideline value for Annaji Rao Nagar 2nd Main Road in Virugambakkam village (Virugambakkam SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Virugambakkam

Village

Virugambakkam

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /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. 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 Annaji Rao Nagar 2nd Main Road

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Annaji Rao Nagar 2nd Main Road guideline value

The current guideline value of Annaji Rao Nagar 2nd Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Annaji Rao Nagar 2nd Main Road has changed

The guideline value for Annaji Rao Nagar 2nd Main Road has undergone several revisions over the years. The 2007 revision set the value at Rs 750 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 367%. However, in the 2017 revision, the value decreased to Rs 2,345 per sq.ft, reflecting a drop of 33%. The following revision in 2023 saw the value rise to Rs 3,500 per sq.ft, and the most recent revision in 2024 increased it further to Rs 3,850 per sq.ft, a change of 10% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 413%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value for Annaji Rao Nagar 2nd Main Road is below this median.

Stamp duty and registration fee for property in Annaji Rao Nagar 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total cost to Rs 3,46,500. 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 Annaji Rao Nagar 2nd Main Road?

The Sub Registrar Office that covers Annaji Rao Nagar 2nd 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 more details.

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

When buying or selling property in Virugambakkam, the guideline value plays a crucial role in determining the registration fees and stamp duty payable. This value is set by the Registration Department and is used as a benchmark for property transactions.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annaji Rao Nagar 2nd Main Road?

The current guideline value of Annaji Rao Nagar 2nd Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 750 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 413% over this period.

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

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which Sub Registrar Office covers this street?

The Virugambakkam Sub Registrar Office covers Annaji Rao Nagar 2nd Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Annaji Rao Nagar 2nd Main Road?

The land classification for Annaji Rao Nagar 2nd Main Road is Residential Class III Type - II, indicating its suitability for residential development.