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Guideline Value

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Guideline Value for R.V. Nagar 3rd Cross Street

₹6600/sq.ft.

The guideline value for R.v. Nagar 3rd 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 3rd Cross Street

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R.V. Nagar 3rd Cross Street guideline value

The current guideline value of R.V. Nagar 3rd 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 3rd Cross Street has changed

The guideline value for R.V. Nagar 3rd Cross Street has seen several revisions over the years. In 2007, the guideline value was Rs 2,800 per sq.ft. This increased significantly to Rs 6,000 per sq.ft in 2012, marking a rise of 114%. However, it then decreased to Rs 4,020 per sq.ft in 2017, a decline of 33%. The value further increased to Rs 6,000 per sq.ft in 2023, and most recently, it has risen to Rs 6,600 per sq.ft in 2024, reflecting a 10% increase.

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%.

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. The guideline value of R.V. Nagar 3rd Cross Street is above this median.

Stamp duty and registration fee for property in R.V. Nagar 3rd 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 would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling 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 details.

Which Sub Registrar Office covers R.V. Nagar 3rd Cross Street?

The Sub Registrar Office that covers R.V. Nagar 3rd Cross Street 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 Aminjikarai

The guideline value plays a crucial role in property transactions in Aminjikarai. When a property is registered, the guideline value is used to determine the applicable stamp duty and registration fees. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations during property transactions. It is advisable to stay updated on any changes in the guideline value to make informed decisions.

Frequently asked questions

What is the current guideline value of R.V. Nagar 3rd Cross Street?

The current guideline value of R.V. Nagar 3rd 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, reflecting an overall increase of 136% over the years.

What is the land classification for R.V. Nagar 3rd Cross Street?

The land classification for R.V. Nagar 3rd Cross Street is Residential Class I Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for R.V. Nagar 3rd Cross Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in R.V. Nagar 3rd Cross Street?

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