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Guideline Value

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Guideline Value for New Avadi Road(Highways Road) (Gandhi Nagar)

₹4400/sq.ft.

The guideline value for New Avadi Road(highways Road) (gandhi Nagar) 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 ₹2500 /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 New Avadi Road(highways Road) (gandhi Nagar)

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New Avadi Road(Highways Road) (Gandhi Nagar) guideline value

The current guideline value of New Avadi Road(Highways Road) (Gandhi Nagar) is Rs 4,400 per sq.ft. This street 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 New Avadi Road(Highways Road) (Gandhi Nagar) has changed

The guideline value has seen several revisions over the years. In 2007, the value was Rs 2,500 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a 60% rise. However, it then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value rose significantly to Rs 4,000 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 76%. The register does not have figures for the years 2002 and 2003 for this street.

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 village is Rs 4,900 per sq.ft, placing New Avadi Road(Highways Road) (Gandhi Nagar) below this median.

Stamp duty and registration fee for property in New Avadi Road(Highways Road) (Gandhi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. The total cost for these fees would be 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 calculate the fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Avadi Road(Highways Road) (Gandhi Nagar)?

The Sub Registrar Office that covers New Avadi Road(Highways Road) (Gandhi Nagar) is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ayanavaram. It determines the stamp duty and registration fees that must be paid, ensuring that the transaction is legally recognized.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the property's worth.

Frequently asked questions

What is the current guideline value of New Avadi Road(Highways Road) (Gandhi Nagar)?

The current guideline value of New Avadi Road(Highways Road) (Gandhi Nagar) 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 from Rs 2,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 76% over the years.

What is the median guideline value in Ayanavaram?

The median guideline value in Ayanavaram is Rs 4,900 per sq.ft, which is higher than the current guideline value of New Avadi Road(Highways Road) (Gandhi Nagar).

What fees apply when registering property in New Avadi Road(Highways Road) (Gandhi Nagar)?

The stamp duty is charged at 7% of the higher of the guideline value or the sale price, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur total fees of Rs 3,96,000.

Where is the Sub Registrar Office for New Avadi Road(Highways Road) (Gandhi Nagar)?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.