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Guideline Value

Corporate

Guideline Value for Konnur High Road 2nd Lane

₹4400/sq.ft.

The guideline value for Konnur High Road 2nd Lane 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 ₹1200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹888 /sq.ft.
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 Konnur High Road 2nd Lane

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Konnur High Road 2nd Lane guideline value

The current guideline value of Konnur High Road 2nd Lane is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village under the AnnaNagar SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Konnur High Road 2nd Lane has changed

Over the years, the guideline value of Konnur High Road 2nd Lane has seen several revisions. The 2003 revision set the value at Rs 888 per sq.ft, which increased to Rs 1,200 per sq.ft in 2007, marking a rise of 35%. Following this, in 2012, the value decreased to Rs 4,000 per sq.ft, reflecting a drop of 33%. The value then rose to Rs 2,680 per sq.ft in 2017, which was a significant increase of 49%. The 2023 revision set the guideline value at Rs 4,000 per sq.ft, and the latest revision in 2024 has increased it to Rs 4,400 per sq.ft, a rise of 10%.

It is important to note that the register has no figure for the year 2002 for this street. Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 395%.

Guideline values in Ayanavaram

Ayanavaram 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 guideline value in this area is Rs 4,900 per sq.ft, indicating that Konnur High Road 2nd Lane's 2024 figure is below this median.

Stamp duty and registration fee for property in Konnur High Road 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value is Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Konnur High Road 2nd Lane?

The Konnur High Road 2nd Lane is covered by 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 details.

How the guideline value is used when you buy or sell in Ayanavaram

The guideline value is a critical factor when registering property in Ayanavaram. It serves as a reference for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When buying or selling property, understanding the guideline value helps ensure compliance with local regulations and provides clarity on the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Konnur High Road 2nd Lane?

The current guideline value of Konnur High Road 2nd 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 from Rs 888 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 395% over the years.

What other streets have the same guideline value in Ayanavaram?

Other streets in Ayanavaram, such as Konnur High Road 3rd Lane, 4th Lane, 5th Lane, and Ist Lane, also have a guideline value of Rs 4,400 per sq.ft as of 2024.

What is the registration fee for properties in Konnur High Road 2nd Lane?

The registration fee for properties in Konnur High Road 2nd Lane is 2% of the guideline value. For a plot valued at Rs 44,00,000, the registration fee would be Rs 88,000.

Where can I find the Sub Registrar Office for Konnur High Road 2nd Lane?

The Sub Registrar Office covering Konnur High Road 2nd Lane is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.