Guideline Value

Corporate

Guideline Value for Millenium Town

₹1700/sq.ft.

The guideline value for Millenium Town in 44.ayanambakkam village (Konnur SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1600 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

44.ayanambakkam

Village

Konnur

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1072 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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]

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

Millenium Town guideline value

The current guideline value of Millenium Town, located in 44.Ayanambakkam village under the Konnur SRO, is Rs 1,700 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Millenium Town has changed

The guideline value for Millenium Town has seen significant changes over the years. In the 2017 revision, the rate was Rs 1,072 per sq.ft, which increased to Rs 1,600 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the value to Rs 1,700 per sq.ft, marking a 6% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 59%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Millenium Town. The increase from 2017 to 2023 was substantial at 49%, reflecting a significant shift in the guideline value during that period.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that have a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft, with a median value of Rs 1,300 per sq.ft. Millenium Town's current guideline value of Rs 1,700 per sq.ft is above this median.

Stamp duty and registration fee for property in Millenium Town

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Millenium Town?

The Sub Registrar Office that covers Millenium Town is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a critical factor when registering property transactions in 44.Ayanambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the buyer must ensure that the sale price meets or exceeds the guideline value to avoid any discrepancies during registration. This ensures that all parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value for Millenium Town?

The current guideline value for Millenium Town is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,072 per sq.ft in 2017 to Rs 1,700 per sq.ft in 2024, marking an overall increase of 59%.

What are the stamp duty and registration fees for a property in Millenium Town?

For a 1,000 sq.ft plot valued at Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty would be Rs 1,19,000, and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which Sub Registrar Office covers Millenium Town?

The Konnur Sub Registrar Office covers Millenium Town, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Millenium Town?

The land classification for Millenium Town is Residential Special Type - III, which defines the type of development permissible in the area.