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Guideline Value

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Guideline Value for Loco Works Scheme Ist Lane,, Chennai 82

₹4400/sq.ft.

The guideline value for Loco Works Scheme Ist 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 Ist Lane,, Chennai 82

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Loco Works Scheme Ist Lane,, Chennai 82 guideline value

The current guideline value for Loco Works Scheme Ist Lane,, Chennai 82 is Rs 4,400 per sq.ft. This property is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - I.

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

The guideline value for Loco Works Scheme Ist Lane,, Chennai 82 has undergone several revisions over the years. In the 2007 revision, the value was Rs 1,200 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, it then saw a decrease to Rs 2,680 per sq.ft in the 2017 revision. The 2023 revision marked an increase to Rs 4,000 per sq.ft, followed by another increase to the current value of Rs 4,400 per sq.ft effective from 1 July 2024. The register has no figure for this street for the years 2002 and 2003.

Between revisions, the guideline value saw a notable increase of 233% from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. 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 current value for Loco Works Scheme Ist Lane,, Chennai 82 below that median.

Stamp duty and registration fee for property in Loco Works Scheme Ist 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, totaling 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.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Loco Works Scheme Ist Lane,, Chennai 82 is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near 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 when buying or selling property in Ayanavaram. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable charges, which can significantly impact the overall cost of the transaction. Therefore, understanding the guideline value is essential for anyone looking to engage in property transactions in Ayanavaram.

Frequently asked questions

What is the current guideline value of Loco Works Scheme Ist Lane,, Chennai 82?

The current guideline value of Loco Works Scheme Ist Lane,, Chennai 82 is Rs 4,400 per sq.ft as per the 2024 revision.

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% over the years.

What is the registration office for Loco Works Scheme Ist Lane,, Chennai 82?

The registration office for Loco Works Scheme Ist Lane,, Chennai 82 is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the total guideline value is Rs 44,00,000, which results in a stamp duty of Rs 3,08,000 and a registration fee of Rs 88,000, totaling Rs 3,96,000.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions, serving as a reference for the charges that need to be paid at registration.