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Guideline Value

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Guideline Value for R.V. Nagar 2nd Cross Street

₹6600/sq.ft.

The guideline value for R.v. Nagar 2nd Cross Street in Aminjikarai village (Annanagar SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Aminjikarai

Village

AnnaNagar

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2800 /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 R.v. Nagar 2nd Cross Street

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R.V. Nagar 2nd Cross Street guideline value

The current guideline value of R.V. Nagar 2nd Cross Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Aminjikarai village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of R.V. Nagar 2nd Cross Street has changed

Over the years, the guideline value of R.V. Nagar 2nd Cross Street has seen several revisions. The 2007 revision set the guideline value at Rs 2,800 per sq.ft. This figure increased to Rs 6,000 per sq.ft in the 2012 revision, marking a significant rise of 114%. However, in the 2017 revision, the value dropped to Rs 4,020 per sq.ft, reflecting a decrease of 33%. The subsequent 2023 revision raised it to Rs 6,000 per sq.ft, and the latest revision in 2024 has increased it further to Rs 6,600 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 136%, showcasing the changes in property valuation over the years.

Guideline values in Aminjikarai

Aminjikarai has a total of 99 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft, with a median value of Rs 4,400 per sq.ft. R.V. Nagar 2nd Cross Street's 2024 figure of Rs 6,600 per sq.ft is above this median.

Stamp duty and registration fee for property in R.V. Nagar 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees together to Rs 5,94,000. 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 detailed calculations.

Which Sub Registrar Office covers R.V. Nagar 2nd Cross Street?

The Sub Registrar Office that covers R.V. Nagar 2nd Cross Street 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 further assistance.

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

The guideline value plays a crucial role in property transactions in Aminjikarai. It is used to determine the stamp duty and registration fees when a property is bought or sold. The value is set by the government and is intended to reflect the market value of properties in the area.

When registering a property, buyers must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government collects an appropriate amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of R.V. Nagar 2nd Cross Street?

The current guideline value of R.V. Nagar 2nd Cross Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 136% over the years.

What is the role of the AnnaNagar SRO?

The AnnaNagar SRO is responsible for maintaining the guideline value register and overseeing property registrations in the Aminjikarai area, including R.V. Nagar 2nd Cross Street.

How is stamp duty calculated for properties in R.V. Nagar 2nd Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 at 7%.

Where can I find more information about the guideline values?

More information about guideline values can be found in the Registration Department's guideline value register (TNReginet), which provides detailed figures for various streets in Aminjikarai.