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Guideline Value

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Guideline Value for Chitaranjan Colony, Chennai 82

₹4400/sq.ft.

The guideline value for Chitaranjan Colony, Chennai 82 in Ayanavaram 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 Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ayanavaram

Village

AnnaNagar

SRO

Residential Class II Type - I
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 ₹1000 /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 Chitaranjan Colony, Chennai 82

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Chitaranjan Colony, Chennai 82 guideline value

The current guideline value for Chitaranjan Colony, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024. This area falls under Ayanavaram village and is classified as Residential Class II Type - I, with the AnnaNagar SRO overseeing the registration process.

How the guideline value of Chitaranjan Colony, Chennai 82 has changed

Over the years, the guideline value for Chitaranjan Colony has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 1,000 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 4,000 per sq.ft in 2023, followed by the latest revision to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, there was a substantial increase of 49%, bringing the value back to the 2012 level. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 340%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayanavaram

Ayanavaram village has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Chitaranjan Colony's 2024 guideline value below this median.

Stamp duty and registration fee for property in Chitaranjan Colony, Chennai 82

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the 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, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chitaranjan Colony, Chennai 82?

The Sub Registrar Office that covers Chitaranjan Colony, Chennai 82 is 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 Ayanavaram

The guideline value plays a crucial role in property transactions in Ayanavaram. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price of the property.

During the registration process, the guideline value ensures that the property is assessed fairly, preventing undervaluation and ensuring that the appropriate taxes are collected. It is essential for both buyers and sellers to understand this value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value for Chitaranjan Colony, Chennai 82?

The current guideline value for Chitaranjan Colony, Chennai 82 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 changed from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What is the land classification for Chitaranjan Colony?

Chitaranjan Colony is classified as Residential Class II Type - I under the current guidelines.

Which Sub Registrar Office is responsible for Chitaranjan Colony?

The AnnaNagar Sub Registrar Office is responsible for Chitaranjan Colony, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Chitaranjan Colony?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000.