Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Loco Works Scheme 2nd Lane,, Chennai 82

₹4400/sq.ft.

The guideline value for Loco Works Scheme 2nd Lane,, 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 ₹1200 /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 Loco Works Scheme 2nd Lane,, Chennai 82

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Loco Works Scheme 2nd Lane,, Chennai 82 guideline value

The current guideline value for Loco Works Scheme 2nd Lane,, 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, governed by the AnnaNagar SRO.

How the guideline value of Loco Works Scheme 2nd Lane,, Chennai 82 has changed

Over the years, the guideline value for Loco Works Scheme 2nd Lane,, Chennai 82 has seen significant changes. The 2007 revision recorded a value of Rs 1,200 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a rise of 233%. However, from 2012 to 2017, the value dropped to Rs 2,680 per sq.ft, a decrease of 33%. The value then rose dramatically to Rs 4,000 per sq.ft in 2023, reflecting a 49% increase. The current guideline value is Rs 4,400 per sq.ft as of the 2024 revision, which is a 10% increase from the previous year.

The register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, making the 2024 figure for Loco Works Scheme 2nd Lane,, Chennai 82 below this median.

Stamp duty and registration fee for property in Loco Works Scheme 2nd Lane,, Chennai 82

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, bringing the total cost to 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 details.

Which Sub Registrar Office covers Loco Works Scheme 2nd Lane,, Chennai 82?

The Sub Registrar Office that covers Loco Works Scheme 2nd Lane,, Chennai 82 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 Ayanavaram

The guideline value is a crucial factor during the registration of property transactions in Ayanavaram. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the correct revenue from property sales.

When a property is sold, the guideline value helps determine the minimum value on which the stamp duty is calculated. This means that buyers should be aware of the guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value for Loco Works Scheme 2nd Lane,, Chennai 82?

The current guideline value for Loco Works Scheme 2nd Lane,, 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 significantly from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 267%.

What is the land classification for Loco Works Scheme 2nd Lane,, Chennai 82?

Loco Works Scheme 2nd Lane,, Chennai 82 is classified as Residential Class II Type - I.

Where can I find the registration office for this area?

The registration office for Loco Works Scheme 2nd Lane,, Chennai 82 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 Ayanavaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue during property transactions.