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Guideline Value

Corporate

Guideline Value for Annammal Nagar 3rd Street

₹2750/sq.ft.

The guideline value for Annammal Nagar 3rd 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 3rd Street

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Annammal Nagar 3rd Street guideline value

The current guideline value of Annammal Nagar 3rd 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 it falls under the Residential Class III Type - I land classification.

How the guideline value of Annammal Nagar 3rd Street has changed

The guideline value for Annammal Nagar 3rd 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 continued to increase, reaching Rs 300 per sq.ft in 2007, a 20% increase from the previous year. However, from 2007 to 2012, the value saw a decrease of 733%, settling at Rs 2,500 per sq.ft. The value remained unchanged until 2017 when it rose to Rs 1,675 per sq.ft, reflecting a 49% increase. The most recent revision in 2023 set the value at Rs 2,500 per sq.ft, which increased to Rs 2,750 per sq.ft in 2024, a 10% rise.

There are no figures available for the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 2,956%.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO, with guideline values for 2024 ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, and the guideline value for Annammal Nagar 3rd Street is above this median.

Stamp duty and registration fee for property in Annammal Nagar 3rd 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, while the registration fee at 2% would be Rs 55,000, bringing the total cost for these fees to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Annammal Nagar 3rd Street?

The Sub Registrar Office that covers Annammal Nagar 3rd Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more information, you can find your SRO.

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 price at which a property can be sold or purchased, ensuring that the transaction is recorded accurately with the appropriate fees paid.

When you buy or sell property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal documentation. This ensures transparency in property transactions and helps in maintaining a fair record of property values in the area.

Frequently asked questions

What is the current guideline value of Annammal Nagar 3rd Street?

The current guideline value of Annammal Nagar 3rd 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 seen several revisions, increasing from Rs 90 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, which reflects an overall increase of 2,956%.

What are the other streets in Nerkundram with similar guideline values?

Other streets in Nerkundram with the same guideline value of Rs 2,750 per sq.ft include Annammal Nagar 1st Street, Annammal Nagar 2nd Street, Annammal Nagar 4th Street, and Annammal Nagar Main Road.

Where can I find the Sub Registrar Office for Annammal Nagar 3rd Street?

The Sub Registrar Office for Annammal Nagar 3rd Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Annammal Nagar 3rd 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 at 7% would be Rs 1,92,500.