Guideline Value

Corporate

Guideline Value for M- Block, 2nd Main Road, 3569, 3599, 3600, 3611, 3570

₹12600/sq.ft.

The guideline value for M- Block, 2nd Main Road, 3569, 3599, 3600, 3611, 3570 in Ayanavaram village (Annanagar SRO, Chennai zone) is Rs 12600 per sq.ft, effective 1 July 2024. It was Rs 11500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ayanavaram

Village

AnnaNagar

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹12600 /sq.ft.
From 1-4-2023 ₹11500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹7705 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹11500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹11000 /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 M- Block, 2nd Main Road, 3569, 3599, 3600, 3611, 3570

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M- Block, 2nd Main Road, 3569, 3599, 3600, 3611, 3570 guideline value

The current guideline value for M- Block, 2nd Main Road, 3569, 3599, 3600, 3611, 3570 is Rs 12,600 per sq.ft, effective from 1 July 2024. This property is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification is Residential Special Type - I.

How the guideline value of M- Block, 2nd Main Road, 3569, 3599, 3600, 3611, 3570 has changed

The guideline value for this street has seen several revisions over the years. Starting from the 2007 revision, the guideline value was Rs 11,000 per sq.ft. This increased to Rs 11,500 per sq.ft in 2012, followed by a decrease to Rs 7,705 per sq.ft in 2017. The value then rose significantly to Rs 11,500 per sq.ft in 2023, and finally, it is now Rs 12,600 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

In terms of percentage changes, the value increased by 5% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then saw a substantial increase of 49% from 2017 to 2023. The latest revision from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 15%.

Guideline values in Ayanavaram

In Ayanavaram, there are 369 streets under the AnnaNagar SRO carrying a 2024 guideline value ranging from Rs 2,700 to Rs 20,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. The guideline value for M- Block, 2nd Main Road is above this median.

Stamp duty and registration fee for property in M- Block, 2nd Main Road, 3569, 3599, 3600, 3611, 3570

For a 1,000 sq.ft plot at the current rate of Rs 12,600 per sq.ft, the guideline value amounts to Rs 1,26,00,000. The stamp duty at 7% would be Rs 8,82,000, and the registration fee at 2% would be Rs 2,52,000, totaling Rs 11,34,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers M- Block, 2nd Main Road, 3569, 3599, 3600, 3611, 3570?

The Sub Registrar Office that covers M- Block, 2nd Main Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the 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 in the registration process of property transactions in Ayanavaram. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties need to be aware of the guideline value, as it affects the overall cost of the transaction. The buyer may have to pay additional fees based on the guideline value if it is higher than the agreed sale price.

Frequently asked questions

What is the current guideline value for M- Block, 2nd Main Road?

The current guideline value for M- Block, 2nd Main Road, 3569, 3599, 3600, 3611, 3570 is Rs 12,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 11,000 per sq.ft in 2007 to Rs 12,600 per sq.ft in 2024, reflecting an overall increase of 15% over the years.

What is the land classification for this area?

The land classification for M- Block, 2nd Main Road is Residential Special Type - I, indicating its designated use for residential purposes.

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

For a property valued at Rs 1,26,00,000, the stamp duty is Rs 8,82,000 and the registration fee is Rs 2,52,000, totaling Rs 11,34,000.

Where is the Sub Registrar Office for this property located?

The Sub Registrar Office covering M- Block, 2nd Main Road is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office.