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Guideline Value

Corporate

Guideline Value for Avvai Thiru Nagar Main road

₹4400/sq.ft.

The guideline value for Avvai Thiru Nagar Main Road 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 ₹1500 /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 Main Road

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Avvai Thiru Nagar Main road guideline value

The current guideline value of Avvai Thiru Nagar Main road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Avvai Thiru Nagar Main road has changed

The guideline value has seen several revisions over the years. The earliest recorded revision was in 2007, with a value of Rs 1,500 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, followed by a decrease to Rs 2,680 per sq.ft in 2017. The value then rose sharply to Rs 4,000 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 4,400 per sq.ft. Notably, there are no figures for this street in the years 2002 and 2003.

From 2017 to 2023, the value increased by 49%, while the jump from 2023 to 2024 was 10%. The value saw a decrease of 33% from 2012 to 2017, but a substantial increase of 167% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 193%.

Guideline values in Koyakbedu

In Koyakbedu, a total of 270 streets under the AnnaNagar SRO have a guideline value for 2024 ranging from Rs 2,200 to Rs 16,500 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value for Avvai Thiru Nagar Main road aligns perfectly with this median.

Stamp duty and registration fee for property in Avvai Thiru Nagar Main road

For a plot of 1,000 sq.ft at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, leading to a total of 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 further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Avvai Thiru Nagar Main road?

The Sub Registrar Office that covers Avvai Thiru Nagar Main road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 is a crucial factor when buying or selling property in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees during the property registration process. Buyers and sellers should be aware of the current guideline value to ensure compliance with the legal requirements.

When a property is registered, the guideline value is used to calculate the applicable duties. This ensures that both parties are aware of the financial obligations involved in the transaction, helping to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Avvai Thiru Nagar Main road?

The current guideline value of Avvai Thiru Nagar Main road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 193% over the years.

What are the stamp duty rates for property in Avvai Thiru Nagar Main road?

The stamp duty for property in Avvai Thiru Nagar Main road is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for properties in Koyakbedu?

The AnnaNagar Sub Registrar Office handles registrations for properties in Koyakbedu, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

Are there any other streets in Koyakbedu with the same guideline value?

Yes, several other streets in Koyakbedu have the same guideline value of Rs 4,400 per sq.ft for 2024, including Avvai Thiru Nagar Ist Cross Street, 5th Street, 4th Street, 3rd Street, 2nd Street, and 2nd Cross Street.