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Guideline Value

Corporate

Guideline Value for Indira Nagar Annai Therrasa Street

₹4400/sq.ft.

The guideline value for Indira Nagar Annai Therrasa Street in Valasaravakkam village (Virugambakkam 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 I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class I 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 ₹650 /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)

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 Indira Nagar Annai Therrasa Street

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Indira Nagar Annai Therrasa Street guideline value

The current guideline value of Indira Nagar Annai Therrasa Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Indira Nagar Annai Therrasa Street has changed

Over the years, the guideline value of Indira Nagar Annai Therrasa Street has seen significant changes. The 2007 revision set the value at Rs 650 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in 2012, marking a rise of 515%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a decline of 33%. The 2017 revision brought it back up to Rs 4,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 577%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,850 per sq.ft, placing Indira Nagar Annai Therrasa Street above this median at Rs 4,400 per sq.ft.

Stamp duty and registration fee for property in Indira Nagar Annai Therrasa Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total 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, making the total Rs 3,96,000. 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 detailed calculations.

Which Sub Registrar Office covers Indira Nagar Annai Therrasa Street?

The Sub Registrar Office that covers Indira Nagar Annai Therrasa 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 Valasaravakkam

The guideline value is a crucial factor during property registration as it determines the minimum value at which a property can be registered. When buying or selling property in Valasaravakkam, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal transactions.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to avoid any discrepancies during the registration process. The guideline value serves as an official benchmark for property transactions in the area.

Frequently asked questions

What is the current guideline value of Indira Nagar Annai Therrasa Street?

The current guideline value of Indira Nagar Annai Therrasa Street 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, increasing from Rs 650 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 577%.

What is the median guideline value in Valasaravakkam?

The median guideline value for streets in Valasaravakkam is Rs 3,850 per sq.ft, with Indira Nagar Annai Therrasa Street's value being above this median.

What are the stamp duty and registration fees for properties here?

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 44,00,000, with stamp duty at Rs 3,08,000 and registration fee at Rs 88,000, totaling Rs 3,96,000.

Where can I find the Sub Registrar Office for Indira Nagar Annai Therrasa Street?

The Virugambakkam Sub Registrar Office covers Indira Nagar Annai Therrasa Street and is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.