Guideline Value for Chennai Metro City Main Road

Chennai Metro City Main Road guideline value

The current guideline value of Chennai Metro City Main Road is Rs 4,478 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village, under the Konnur SRO, with a land classification of Mixed Type - III.

How the guideline value of Chennai Metro City Main Road has changed

The guideline value for Chennai Metro City Main Road has been consistent in recent revisions. The 2023 revision recorded a guideline value of Rs 4,478 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 4,478 per sq.ft.

For the years prior to 2023, the register has no figure for this street in 2017, 2012, 2007, 2003, and 2002. Thus, the only available figures are from the 2023 and 2024 revisions, showing no change between these years.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft. The median value among these streets is Rs 1,300 per sq.ft, indicating that the guideline value of Chennai Metro City Main Road is above this median.

• Chetty Street 1st Cross: Rs 1,100 per sq.ft (2024)
• Chetty Street 2nd Cross: Rs 1,100 per sq.ft (2024)
• Chetty Street 3rd Cross: Rs 1,100 per sq.ft (2024)
• Chetty Street 4th Cross: Rs 1,100 per sq.ft (2024)
• Chetty Street 5th Cross: Rs 1,100 per sq.ft (2024)
• Chetty Street 6th street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Chennai Metro City Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,478 per sq.ft, the total guideline value would be Rs 44,78,000. The stamp duty at 7% would amount to Rs 3,13,460, while the registration fee at 2% would be Rs 89,560. Together, these fees would total Rs 4,03,020. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chennai Metro City Main Road?

The Chennai Metro City Main Road falls under the jurisdiction of the Konnur Sub Registrar Office. The office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value plays a crucial role in the registration process when buying or selling property in 44.Ayanambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When registering a property, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are recorded accurately and fairly.

Frequently asked questions

What is the current guideline value of Chennai Metro City Main Road?

The current guideline value of Chennai Metro City Main Road is Rs 4,478 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value remained at Rs 4,478 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in 44.Ayanambakkam?

The median guideline value in 44.Ayanambakkam is Rs 1,300 per sq.ft, which means the guideline value of Chennai Metro City Main Road is above this median.

What are the stamp duty and registration fees for property in Chennai Metro City Main Road?

The stamp duty is charged at 7% and the registration fee at 2%. For a property valued at Rs 44,78,000, the total fees would amount to Rs 4,03,020.

Where can I find the Sub Registrar Office for Chennai Metro City Main Road?

The Konnur Sub Registrar Office covers Chennai Metro City Main Road, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.