Guideline Value

Corporate

Guideline Value for East Mada Lane

₹4400/sq.ft.

The guideline value for East Mada Lane in Aminjikarai 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 - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Aminjikarai

Village

AnnaNagar

SRO

Residential Class II 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 ₹1150 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 ₹650 /sq.ft.
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 East Mada Lane

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East Mada Lane guideline value

The current guideline value of East Mada Lane is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Aminjikarai village under the AnnaNagar SRO and is classified as Residential Class II Type - II.

How the guideline value of East Mada Lane has changed

The guideline value for East Mada Lane has seen significant changes over the years. In 2002, the value was Rs 650 per sq.ft, which increased to Rs 1,150 per sq.ft in 2007, marking a 77% rise. By 2012, the value was Rs 4,000 per sq.ft, reflecting a substantial increase of 248% from the previous revision. However, this value dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, followed by a current value of Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

It is important to note that there is no figure available for East Mada Lane in the 2003 revision. Overall, from 2002 to 2024, the guideline value has increased by 577%.

Guideline values in Aminjikarai

Aminjikarai village features 99 streets under the AnnaNagar SRO, with guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is equal to the current value of East Mada Lane.

Stamp duty and registration fee for property in East Mada Lane

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. 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 East Mada Lane?

The Sub Registrar Office that covers East Mada Lane 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 Aminjikarai

The guideline value is a critical factor in the registration process when buying or selling property in Aminjikarai. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is officially recorded and recognized by the authorities.

When a property is sold, the seller and buyer must adhere to the guideline value set by the authorities. This value helps in maintaining transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of East Mada Lane?

The current guideline value of East Mada Lane 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 significantly from Rs 650 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 577% over this period.

What is the registration office for East Mada Lane?

The registration office for East Mada Lane is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Aminjikarai?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.

What are the other guideline values in Aminjikarai?

In Aminjikarai, guideline values range from Rs 3,300 to Rs 16,500 per sq.ft, with the median being Rs 4,400 per sq.ft. Other streets in Aminjikarai have varying rates, with some streets like East Park Road and East Club Road valued at Rs 14,300 per sq.ft.