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Guideline Value

Corporate

Guideline Value for Annammal Nagar 2nd Street

₹2750/sq.ft.

The guideline value for Annammal Nagar 2nd 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 2nd Street

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Annammal Nagar 2nd Street guideline value

The current guideline value of Annammal Nagar 2nd 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 2nd Street has changed

The guideline value for Annammal Nagar 2nd Street has seen significant changes over the years. In 2002, the value was Rs 90 per sq.ft, which increased to Rs 250 per sq.ft in 2003, marking a 178% rise. The value continued to grow, reaching Rs 300 per sq.ft in 2007, and then surged 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 decline of 33%.

From 2017 to 2023, the value rose to Rs 2,500 per sq.ft, which is a 49% increase. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, representing a 10% increase from the previous year. There are no figures available for the revisions in the years not listed in the register.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, placing the 2024 figure for Annammal Nagar 2nd Street above this median.

Stamp duty and registration fee for property in Annammal Nagar 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. Please note that 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 details.

Which Sub Registrar Office covers Annammal Nagar 2nd Street?

The Sub Registrar Office that covers Annammal Nagar 2nd 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 when registering property transactions in Nerkundram. 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 duties and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which ensures compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Annammal Nagar 2nd Street?

The current guideline value of Annammal Nagar 2nd 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 increased from Rs 90 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 2956% over this period.

What is the land classification of Annammal Nagar 2nd Street?

Annammal Nagar 2nd Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Annammal Nagar 2nd Street?

The Virugambakkam Sub Registrar Office covers Annammal Nagar 2nd Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Annammal Nagar 2nd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,47,500.