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Guideline Value

Corporate

Guideline Value for Annal Gandhi 2nd Lane

₹2700/sq.ft.

The guideline value for Annal Gandhi 2nd Lane in Peravallur village (Sembiam SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Peravallur

Village

Sembiam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /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)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Annal Gandhi 2nd Lane

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Annal Gandhi 2nd Lane guideline value

The current guideline value of Annal Gandhi 2nd Lane, located in Peravallur village, is Rs 2,700 per sq.ft, effective from 1 July 2024. This area falls under the Sembiam SRO and is classified as Residential Class I Type - I.

How the guideline value of Annal Gandhi 2nd Lane has changed

The guideline value for Annal Gandhi 2nd Lane has seen several revisions over the years. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, there was a decrease to Rs 1,675 per sq.ft in 2017, before the value rose to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 has further increased the guideline value to Rs 2,700 per sq.ft.

In terms of percentage changes, the value rose by 150% from 2007 to 2012, dropped by 33% from 2012 to 2017, and increased by 49% from 2017 to 2023. The latest revision from 2023 to 2024 reflects an 8% increase. Overall, from 2007 to 2024, the guideline value has increased by 170%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft, with a median value of Rs 3,301 per sq.ft. Annal Gandhi 2nd Lane's 2024 figure is below this median.

Stamp duty and registration fee for property in Annal Gandhi 2nd Lane

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Annal Gandhi 2nd Lane?

The Sub Registrar Office covering Annal Gandhi 2nd Lane is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. For more details, you can find your SRO.

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

The guideline value plays a crucial role in the registration process for property transactions in Peravallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value must be considered, as it influences the overall cost of the transaction. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, which could affect their financial planning.

Frequently asked questions

What is the current guideline value of Annal Gandhi 2nd Lane?

The current guideline value of Annal Gandhi 2nd Lane is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, increasing from Rs 1,000 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 170% from 2007 to 2024.

What is the median guideline value for streets in Peravallur?

The median guideline value for streets in Peravallur is Rs 3,301 per sq.ft, while Annal Gandhi 2nd Lane's value is below this median.

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

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value. For a property valued at Rs 27,00,000, the total fees would amount to Rs 2,43,000.

Where is the Sub Registrar Office for Annal Gandhi 2nd Lane located?

The Sub Registrar Office for Annal Gandhi 2nd Lane is located at 5, Papermills Road, Sembiam, Chennai - 600011.