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Guideline Value

Corporate

Guideline Value for Annaji Rao Nagar 3rd Main Road

₹3850/sq.ft.

The guideline value for Annaji Rao Nagar 3rd 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 3rd Main Road

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Annaji Rao Nagar 3rd Main Road guideline value

The current guideline value of Annaji Rao Nagar 3rd Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village, under the Virugambakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of Annaji Rao Nagar 3rd Main Road has changed

The guideline value for Annaji Rao Nagar 3rd Main Road has seen 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, between 2012 and 2017, the value decreased to Rs 2,345 per sq.ft, reflecting a drop of 33%. The next revision in 2023 brought the value back up to Rs 3,500 per sq.ft, and the most recent 2024 revision set it at Rs 3,850 per sq.ft, an increase 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 for this street in the register.

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. The median guideline value in this area is Rs 4,400 per sq.ft, placing the 2024 figure for Annaji Rao Nagar 3rd Main Road below that median.

Stamp duty and registration fee for property in Annaji Rao Nagar 3rd Main Road

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the 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, totaling Rs 3,46,500. Please note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annaji Rao Nagar 3rd Main Road?

The Sub Registrar Office that covers Annaji Rao Nagar 3rd 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 information.

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

The guideline value is a crucial factor when registering property transactions in Virugambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for both buyers and sellers to be aware of the current guideline value to make informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Annaji Rao Nagar 3rd Main Road?

The current guideline value of Annaji Rao Nagar 3rd 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 increased from Rs 750 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 413% over the years.

What is the land classification of Annaji Rao Nagar 3rd Main Road?

Annaji Rao Nagar 3rd Main Road is classified as Residential Class III Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Annaji Rao Nagar 3rd Main Road?

The Sub Registrar Office for Annaji Rao Nagar 3rd Main Road is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Annaji Rao Nagar 3rd Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 38,50,000, the stamp duty would be 7% of that amount.