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Guideline Value

Corporate

Guideline Value for Annaji Rao Nagar 1st Cross Street

₹3850/sq.ft.

The guideline value for Annaji Rao Nagar 1st Cross Street 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 ₹1450 /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 1st Cross Street

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Annaji Rao Nagar 1st Cross Street guideline value

The current guideline value of Annaji Rao Nagar 1st Cross Street 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 1st Cross Street has changed

Over the years, the guideline value of Annaji Rao Nagar 1st Cross Street has seen several revisions. The 2007 revision set the value at Rs 1,450 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012, marking a significant rise of 141%. However, from 2012 to 2017, the value decreased to Rs 2,345 per sq.ft, a drop of 33%. The 2017 revision then saw a substantial increase to Rs 3,500 per sq.ft in 2023, followed by a further increase to Rs 3,850 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 166%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which means that the 2024 figure for Annaji Rao Nagar 1st Cross Street is below this median.

Stamp duty and registration fee for property in Annaji Rao Nagar 1st Cross Street

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 fees 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.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annaji Rao Nagar 1st Cross Street?

The Sub Registrar Office that covers Annaji Rao Nagar 1st Cross Street 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 aspect of property transactions in Virugambakkam. It serves as a reference point for determining the stamp duty and registration fees that buyers and sellers must pay when registering a property. The guideline value ensures that the transaction is recorded at a standard value set by the government.

When purchasing a property, it is essential to consider the guideline value as it directly impacts the overall cost of the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on this value, which may influence their budget and financial planning.

Frequently asked questions

What is the current guideline value of Annaji Rao Nagar 1st Cross Street?

The current guideline value of Annaji Rao Nagar 1st Cross Street 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 changed significantly, from Rs 1,450 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 166% over the years.

What is the land classification for Annaji Rao Nagar 1st Cross Street?

Annaji Rao Nagar 1st Cross Street is classified as Residential Class III Type - II.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 38,50,000, the total fees would amount to Rs 3,46,500.

Where is the Sub Registrar Office located for this area?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.