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Guideline Value

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Guideline Value for CHINAMAYA NAGAR STAGE 2 - Aani Street

₹4950/sq.ft.

The guideline value for Chinamaya Nagar Stage 2 - Aani Street in Chenchery village (Virugambakkam 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 I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chenchery

Village

Virugambakkam

SRO

Residential Class I 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 ₹2100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹517 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹465 /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 Chinamaya Nagar Stage 2 - Aani Street

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CHINAMAYA NAGAR STAGE 2 - Aani Street guideline value

The current guideline value for CHINAMAYA NAGAR STAGE 2 - Aani Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Chenchery village under the Virugambakkam SRO, classified as Residential Class I Type - I.

How the guideline value of CHINAMAYA NAGAR STAGE 2 - Aani Street has changed

The guideline value for CHINAMAYA NAGAR STAGE 2 - Aani Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 465 per sq.ft. This increased significantly to Rs 517 per sq.ft in 2003, marking an increase of 11%. The value then rose dramatically to Rs 2,100 per sq.ft in 2007, reflecting a 306% increase. In 2012, the value was Rs 4,500 per sq.ft, which was a substantial increase of 114% from the previous revision. However, it dropped by 33% to Rs 3,015 per sq.ft in 2017.

In the following years, the guideline value continued to rise, reaching Rs 4,500 per sq.ft in 2023, an increase of 49% from 2017. The most recent revision in 2024 set the value at Rs 4,950 per sq.ft, a 10% increase from the previous year. There are no figures available for the years not mentioned in the revisions for this street.

Guideline values in Chenchery

In Chenchery village, there are 44 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 7,700 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value for CHINAMAYA NAGAR STAGE 2 - Aani Street is above this median.

Stamp duty and registration fee for property in CHINAMAYA NAGAR STAGE 2 - Aani Street

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

Which Sub Registrar Office covers CHINAMAYA NAGAR STAGE 2 - Aani Street?

The Sub Registrar Office that covers CHINAMAYA NAGAR STAGE 2 - Aani 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 Chenchery

The guideline value is a crucial factor when registering property transactions in Chenchery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. These costs are based on the guideline value or the sale price, whichever is higher, making it essential for both buyers and sellers to be aware of the current guideline value.

Frequently asked questions

What is the current guideline value for CHINAMAYA NAGAR STAGE 2 - Aani Street?

The current guideline value for CHINAMAYA NAGAR STAGE 2 - Aani Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 465 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, which is an overall increase of 965%.

What is the stamp duty rate for properties in CHINAMAYA NAGAR STAGE 2 - Aani Street?

The stamp duty rate for properties in CHINAMAYA NAGAR STAGE 2 - Aani Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for this area?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the other streets in Chenchery with the same guideline value?

Other streets in Chenchery, such as CHINAMAYA NAGAR STAGE 1, CHINAMAYA NAGAR STAGE 2 - Chithirai Street, and CHINAMAYA NAGAR STAGE 2 - Maasi Street, all share the same guideline value of Rs 4,950 per sq.ft in 2024.