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Guideline Value

Corporate

Guideline Value for Annammal Nagar 1st Street

₹2750/sq.ft.

The guideline value for Annammal Nagar 1st Street in Nerkundram village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nerkundram

Village

Virugambakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /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 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹250 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹90 /sq.ft.
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 Annammal Nagar 1st Street

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Annammal Nagar 1st Street guideline value

The current guideline value for Annammal Nagar 1st Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village, under the Virugambakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Annammal Nagar 1st Street has changed

The guideline value for Annammal Nagar 1st Street has undergone several revisions over the years. In 2002, the guideline value was Rs 90 per sq.ft, which increased to Rs 250 per sq.ft in 2003, marking a significant rise of 178%. The value then saw a further increase to Rs 300 per sq.ft in 2007, which was a 20% growth. Following this, the value jumped dramatically to Rs 2,500 per sq.ft in 2012, reflecting a 733% increase. However, it decreased to Rs 1,675 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 2,500 per sq.ft in 2023, and finally reached Rs 2,750 per sq.ft in 2024, representing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2,956%. The register has no figure for the years not mentioned, ensuring a clear understanding of the changes in the guideline value for this street.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets that carry a 2024 guideline value ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value in this village is Rs 2,200 per sq.ft, placing Annammal Nagar 1st Street above this median with its current value of Rs 2,750 per sq.ft.

Stamp duty and registration fee for property in Annammal Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annammal Nagar 1st Street?

The Sub Registrar Office that covers Annammal Nagar 1st 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 Nerkundram

The guideline value is a crucial factor in property transactions in Nerkundram. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must refer to the guideline value to ensure compliance with local regulations during the registration process.

When purchasing property, the guideline value serves as a benchmark for the minimum price at which the property can be registered. This ensures that the transaction is recorded accurately and that the appropriate taxes are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Annammal Nagar 1st Street?

The current guideline value of Annammal Nagar 1st Street is Rs 2,750 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 90 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting various increases and decreases across the years.

What is the land classification of Annammal Nagar 1st Street?

Annammal Nagar 1st Street is classified as Residential Class III Type - I.

Where can I find the Virugambakkam Sub Registrar Office?

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

How is the stamp duty calculated for properties in Annammal Nagar 1st Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 at 7%.