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Guideline Value

Corporate

Guideline Value for Azhagappa Nagar Anna University

₹4950/sq.ft.

The guideline value for Azhagappa Nagar Anna University in Velachery village (Velacheri SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 Azhagappa Nagar Anna University

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Azhagappa Nagar Anna University guideline value

The current guideline value of Azhagappa Nagar Anna University is Rs 4,950 per sq.ft. This property is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Azhagappa Nagar Anna University has changed

The guideline value for Azhagappa Nagar Anna University has seen several revisions over the years. The 2012 revision recorded a value of Rs 4,500 per sq.ft, which decreased to Rs 3,015 per sq.ft in the 2017 revision. This was a decline of 33%. However, the value rose significantly to Rs 4,500 per sq.ft in the 2023 revision, followed by a further increase to Rs 4,950 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, and Azhagappa Nagar Anna University is above this median.

Stamp duty and registration fee for property in Azhagappa Nagar Anna University

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, while the registration fee at 2% would be Rs 99,000, totaling Rs 4,45,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Azhagappa Nagar Anna University?

The Azhagappa Nagar Anna University falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, visit find your SRO.

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

The guideline value is a critical factor in property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees. These costs are based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate taxes on property transactions.

Frequently asked questions

What is the current guideline value of Azhagappa Nagar Anna University?

The current guideline value of Azhagappa Nagar Anna University is Rs 4,950 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, then back to Rs 4,500 per sq.ft in 2023, and finally to Rs 4,950 per sq.ft in 2024.

What is the land classification for Azhagappa Nagar Anna University?

Azhagappa Nagar Anna University is classified as Residential Class II Type - I.

What are the stamp duty rates for properties in Azhagappa Nagar Anna University?

The stamp duty rate for properties in Azhagappa Nagar Anna University is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Azhagappa Nagar Anna University?

The Sub Registrar Office covering Azhagappa Nagar Anna University is the Velacheri SRO, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.