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Guideline Value

Corporate

Guideline Value for Avvai Thiru Nagar Ist Cross Street

₹4400/sq.ft.

The guideline value for Avvai Thiru Nagar Ist Cross Street in Koyakbedu village (Annanagar SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Koyakbedu

Village

AnnaNagar

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1300 /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)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Avvai Thiru Nagar Ist Cross Street

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Avvai Thiru Nagar Ist Cross Street guideline value

The current guideline value of Avvai Thiru Nagar Ist Cross Street is Rs 4,400 per sq.ft. This street is located in Koyakbedu village, falling under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Avvai Thiru Nagar Ist Cross Street has changed

The guideline value for Avvai Thiru Nagar Ist Cross Street has seen significant changes over the years. In 2007, the value was Rs 1,300 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a substantial rise of 208%. However, this value decreased to Rs 2,680 per sq.ft in 2017, reflecting a decline of 33%. The value then rose sharply to Rs 4,000 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the increase is a remarkable 238%. It is important to note that there are no figures for the years 2002 and 2003 in the register for this street.

Guideline values in Koyakbedu

Koyakbedu village has 270 streets under the AnnaNagar SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value is Rs 4,400 per sq.ft, which is equal to the current guideline value for Avvai Thiru Nagar Ist Cross Street.

Stamp duty and registration fee for property in Avvai Thiru Nagar Ist Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Avvai Thiru Nagar Ist Cross Street?

The Avvai Thiru Nagar Ist Cross Street is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Koyakbedu. It is the benchmark used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions within the area.

Frequently asked questions

What is the current guideline value of Avvai Thiru Nagar Ist Cross Street?

The current guideline value of Avvai Thiru Nagar Ist Cross Street is Rs 4,400 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 1,300 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 238% over this period.

What is the land classification for Avvai Thiru Nagar Ist Cross Street?

The land classification for Avvai Thiru Nagar Ist Cross Street is Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the registration office for this area?

The registration office covering Avvai Thiru Nagar Ist Cross Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Koyakbedu?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. The current rate is 7% for stamp duty and 2% for registration fees.